Buyers Strike

Buyers Strike

A situation in which a large number of buyers stop purchasing one or more commodities over an extended period of time in order to reduce the price. For example, everyone in a city may choose to bike to work instead of drive as part of an effort to reduce gas prices. A buyers strike is similar to but distinct from a boycott, which may be undertaken for moral reasons.
References in periodicals archive ?
The roadside chicken fair is regularly held twice a week where sellers and buyers strike a deal to swap fighter cocks for handsome amount.
And for every month that buyers strike out, the combination of rising home prices and higher mortgage rates can add hundreds or thousands of dollars to the cost of the home.
Overseas buyers strike - The UK property market has been a highly attractive place for wealthy individuals across the world, not least from Gulf states.