7 (02.01 hc) dorian owns a farm and sells potatoes to local restaurants and grocery stores. which phrase…

7 (02.01 hc) dorian owns a farm and sells potatoes to local restaurants and grocery stores. which phrase describes this information about dorians business? (4 points) consumer in the factor market supplier in the factor market consumer in the product market supplier in the financial market

7 (02.01 hc) dorian owns a farm and sells potatoes to local restaurants and grocery stores. which phrase describes this information about dorians business? (4 points) consumer in the factor market supplier in the factor market consumer in the product market supplier in the financial market

Answer

Brief Explanations:

Dorian is selling a product (potatoes) to other entities (local restaurants and grocery stores). In economic market - structures, when an entity sells goods, it acts as a supplier in the product market. The factor market is related to the supply and demand of factors of production like labor, land, and capital. The financial market deals with financial assets and transactions. Since Dorian is selling a physical product, he is a supplier in the product market.

Answer:

Supplier in the product market