A decrease in the quantity supplied can be the result from:

a. a decrease in supply.
b. a decrease in price.
c. decrease in demand.
d. increased demand.

Answer: b. a decrease in price.

Business

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Leland purchased and took title to a residential property on 10th Street in Modesto. One week later, he employed Broker Wilder to sell the property. The listing was completed and signed. Being uncertain as to the correct address of the property, it was described in the listing as "James R. Leland's residential property on 10th Street in Modesto, California." Regarding the effect of this description on the listing, which of the following is true:

A: The description is not sufficient to properly describe the property and the listing is unenforceable; B: Leland's signature on the listing gives only a tentative listing right to Wilder until the legal description is completed correctly; C: The description is adequate if Leland owns no other property on 10th Street in Modesto, California; D: The description is adequate and the listing contract enforceable regardless of the location of any property owned by Leland.

Business

In a short essay describe the characteristics of a consumer panel and discuss the uses of this type of panel. Next, list and discuss the two classifications of panels

What will be an ideal response?

Business