According to the law of demand, which of the following is true?
A) If prices decrease, customers will buy more.
B) Customers are not aware of small price changes.
C) The effect on demand from changes in price cannot be accurately predicted.
D) Demand equals supply.
E) If prices increase, customers will buy more.
A
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The U.S. Congress passed the Sherman Antitrust Act in 1890 in an attempt to prevent monopoly in business.
a. true b. false
A father deeded a parcel of land to his son. There was deed restriction on the land restricting the use to agricultural only. Several years later the property is rezoned commercial. Can the son now use the property for a commercial use?
A. Yes, but he needs to get a variance. B. Yes, the restriction is no longer valid. C. No, the restriction is still valid. D. No, unless a buffer zone is established.