Francie Drives into Gage's Auto Service and Asks Gage to Replace

question 29

Multiple Choice

Francie drives into Gage's Auto Service and asks Gage to replace a tire on her car. After Gage replaces the tire, but before Francie pays for it, any contract between them is

• A) ​executed.
• B) ​executory.
• C) ​void.
• D) ​unenforceable.

---

Definitions:

Fair Prices

Pricing that is considered just, reasonable, and beneficial for both the buyer and seller in a transaction.

Price Elasticity

A measure of how much the quantity demanded of a good changes in response to a change in its price.

Price Discrimination

The strategy of selling the same product to different customers at different prices based on market segment, geographic location, or other variables.

Price Discrimination

The strategy of selling the same product to different customers at different prices based on various factors.