SELLERS' MARKET: A disequilibrium condition in a competitive market that has a shortage, such that sellers are able to force the price up. Note that a sellers' market does not mean that the lack of competition among demanders have given sellers market control. A sellers' market is a competitive market that is faced with a temporary imbalance between the quantity supplied by the sellers and the quantity demanded by the buyers. See also | disequilibrium | competitive market | competition | market control | quantity demanded | quantity supplied | shortage | financial markets | buyers' market | building cycle |
