A Provision That Restricts the Seller from Entering the Same

question 14

Multiple Choice

A provision that restricts the seller from entering the same type of business within a specified area for a certain amount of time is known as

• A) Due disclosure
• B) A good cause clause
• C) A noncompetitive clause
• D) Just disclosure

---

Definitions:

Inferior Good

A good that has a negative income effect.

Goods

Physical items that satisfy human wants or needs and can be transferred or sold.

Price-Consumption Curve

Curve tracing the utility-maximizing combinations of two goods as the price of one changes.

Utility

A measure of satisfaction or happiness that a consumer derives from the consumption of goods and services.