<span>A contract is made everytime a purchase is conducted between the seller and buyer. Regardless of how long the transaction takes, the specific product involved, the amount of money exchanged or even the payment arrangments, once both parties agree to enter into the transaction, the contract has been created.</span>
Answer:
The correct answer is option c.
Explanation:
In an economy, in the long run, the aggregate supply is fixed. The aggregate supply curve is a vertical line. This is because, in the long run, supply remains unaffected by price level. The increase in product price is balanced by an increase in input prices. So the supply does not change with change in the price level.
In the long run, the supply changes with change in the availability of resources and change in technology. So when the aggregate demand declines, the demand curve shifts to the left. The equilibrium quantity remains the same but the price level declines.
It is also evident in the figure attached.
Answer: Reference price
Explanation:
According to the question, the manufacturer suggested retail prices (MSRP) is basically used as the the reference price as it is refers to the price where the buyer willing to pay the price for the products and the services in the market.
It is also known as the competitor pricing and the reference pricing is mainly used by the high volume buyers.
The reference price make easily accessing the quality of the products and its actual price to the customers in the market for avoid any type of confusion.
Therefore, Reference price is the correct answer.
Answer:
No
Explanation:
Because these two tasks are different one another and probably should be allocate to different account.