Question

Luke is shocked by the price that Obi-Wan agrees on for passage to Alderon. The transaction between Obi-Wan and Hans Solo is an example of: Question options: Deceptive sales practices on the part of Hans Solo. A bad deal A mutually beneficial exchange. An involuntary exchange.

Answer 1

Answer:

A bad deal

Explanation:

A bad deal is one in which the benefit to the buyer are far less than the cost incurred in making the purchase. The marginal utility derived from consuming the product is less than the marginal cost.

In this scenario Luke felt that the price Obi-Wan agrees on for passage to Alderon is too high and is not commensurate to the benefits.

This is an example of a bad deal between Obi-Wan and Hans Solo.

A good deal in the other hand is one where the purchaser is satisfied and the seller recieves a fair price for the product.