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buyer's market

buyer's market in Culture

buyer's market definition

A market in which supply exceeds demand. As a result, suppliers usually have to lower their prices, thus favoring the buyer. (Compare seller's market.)

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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