A Supplier of a Factor of Production Has a Reservation

question 98

Multiple Choice

A supplier of a factor of production has a reservation price of $100.The purchaser of the factor of production has a reservation price of $200.If the factor of production is unique,then:

• A)there will be no transaction as the reservation prices are unequal.
• B)the transaction will occur and the price will be $150.
• C)the transaction will occur and the price will be $200.
• D)the transaction will occur and the price will be $100.

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Definitions:

Before 1980

Referring to events or conditions that occurred prior to the year 1980.

Diagnostic Category

A class of medical or psychological conditions defined by a specific set of symptoms and criteria.

Dissociative Identity Disorder

A complex psychological condition characterized by the presence of two or more distinct personality states within a single individual.

The Host

An organism or individual that harbors another organism, typically providing nourishment and shelter.