Both excess supply and excess demand are a result of disequilibrium.
The correct answer is John Locke.
Enlightenment philosopher John Locke developed a theory of natural rights in which every free person had the rights of life, liberty, and property.
Thomas Jefferson was heavily influenced by Locke and developed the concept of natural rights further writing in the Declaration of Independence that every citizen had the right to life, liberty, and the pursuit of happiness.
Answer:
b. lowball technique
Explanation:
Lowball technique: In psychology, the term lowball technique is referred to as the phenomenon of persuasion tactic that is distinguished as an item being offered at a lower price to a buyer till he or she excepts buying the thing and once the buyer gets convinced or committed to buy the thing or product then the seller rises or increases the price suddenly.
Example: In the question above, car dealer offered a handsome deal to a customer, then once the customer agreed or committed to buy the car the dealer increases the price by some hidden costs.
I just took an exam with this question and i put down a and got it right
