Answer: When an agreement in price has been reached
Explanation: The best stage to ask such question is when both Morris and delis supermarket has reached an agreement in price of the new machine. The first stage of discussion is
1. Identification of the machine, if it actually replaces the the old machine and it can perform the same operation as the old one.
2. After identification, the next stage is price negotiation, the price or the machine must reach an agreement before a schedule delivery can be put in place.
Second treatise of government supports the theory of Social Contract.
The second treatise of government was given by Locke. John Locke treatise refutes the theory of absolutist government. According to Locke, for the protection of property civil society is created. By property, Locke refers to life, liberty, and estate. Locke defines the theory of social contract in the second treatise where the government is responsible for maintaining the natural rights of the citizens.
<span>Substitution Effect, The idea that as prices rise (or incomes decrease) consumers will replace more expensive items with less costly alternatives</span>
Answer:
D. The existence of a minimum wage.
Explanation:
