Which of the Following Is True of Section 2(a) of the Clayton

question 78

Multiple Choice

Which of the following is true of Section 2(a) of the Clayton Act?

• A) Sales can exist without enforceable contracts.
• B) Services and intangibles are considered to be commodities.
• C) Commodities must be of similar grade and quality.
• D) Two sales by a single seller to two purchasers should take place in intrastate commerce.

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a market.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price within a specific time period.

Quantity Demanded

The aggregate quantity of a product or service that customers are prepared to buy at a specified price in a marketplace.

Quantity Supplied

The complete quantity of a product or service that sellers are ready and capable of offering for sale at a specified price point in the marketplace.