Refer to Table 1-1. At a market price of $1,600, there will be
A) a surplus of 2,000 computers.
B) neither a surplus nor a shortage of computers as the market is in equilibrium at this price.
C) a surplus or a shortage of 2,000 computers.
D) a shortage of 2,000 computers.
D
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Indicate whether the statement is true or false
According to the Uniform Commercial Code Section 2-207, which of the following is true with regard to non-merchants dealing with the sale of goods?
A) A counteroffer by the offeree does not constitute a rejection, and the additional term added by the offeree will automatically become part of the contract. B) A counteroffer by the offeree does not constitute a rejection, but the additional term added by the offeree will not become part of the contract. C) A counteroffer terminates the negotiation and triggers the terms of the Restatement of the Law of Contracts. D) A counteroffer constitutes a rejection of the original offer, but the parties may continue to negotiate the contract terms.