A Barren Promise Is One That Involves a Promise

question 46

Multiple Choice

A barren promise is one that involves a promise:

• A) to do something one is already required to do.
• B) to perform an illegal act.
• C) to perform an act that involves an unreasonable period of time.
• D) that cannot be performed.

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Definitions:

Price

The cost at which goods or services are offered to consumers.

Surplus Amount

The excess of supply over demand in a market, resulting in downward pressure on prices.

Consumer Surplus

The discrepancy between what consumers are ready and capable of paying for a product or service and the actual amount they end up paying.

Price Falls

A decrease in the market price of goods or services, often due to increased supply, reduced demand, or other market dynamics.