The market condition when goods and services are not freely available and thus the prices are relatively high is called

A. rights issue

B. sinking fund

C. seller's market

D. recession

Answer: Option C

Solution(By Examveda Team)

The market condition when goods and services are not freely available and thus the prices are relatively high is called seller's market. A seller's market is a market condition characterized by a shortage of goods available for sale, resulting in pricing power for the seller. A seller's market is a term commonly applied to the property market when low supply meets high demand.