TRUE, when developing an od contract, the od process is clarified
A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. A contract usually includes a transfer of goods, services or money, or a promise to transfer at a later date. An example of a contract is a loan agreement between a car buyer and seller. An example of a contract is an agreement between two of her who wish to marry. noun.
A contract, in its simplest definition, is a legally enforceable promise. A promise can be to do something or not to do something. Execution of a contract usually requires the mutual consent of two or more people, one making the offer and the other accepting.
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The correct answer is: "A decrease in the price of gasoline".
The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity supplied (ceteris paribus, hence, given that the rest remains equal).Therefore, <u>when the price charged decreases, the amount that consumers are willing to buy increases.</u>
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