These is a major advantage of a market economy is it can change direction rapidly when needed as markets change. Thus second option is correct.
<h3>What is Market Economy?</h3>
Market Economy refers to the economy in which the prices of the goods and services are determined by the two market forces that are supply and demand.
There is a less control of the government in the market economy and therefore all the decisions are taken by the private individuals. Thus option 1st is incorrect.
The Prices of the goods and services are determined by the supply and demand forces and the prices are kept as per the affordability of the customers. Thus option 3rd is also incorrect.
Therefore the correct option is 2nd one as the market changes the price of the good and services are also effected and get changed.
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Rights of unpaid seller against the goods, and<span><span>II.<span> </span></span><span>Rights of unpaid seller against the buyer personally. </span><span>We shall now examine these rights in detail.</span></span>
Answer:
injunction
Explanation:
Based on the information provided within the question it can be said that in this scenario Edward may seek an injunction. This is a court order that compels a party from continuing and further action that they may be doing or even compelling them to do a certain action. Which in this case since David is breaching the contract terms, the court will apply an injunction to stop David and/or make him give first rights of refusal to Edward as agreed to in the contract.