_______________________: A forced sale or a desperation purchase can cause unequal bargaining power between buyers and sellers. more commonly, personal relationships may cause a transaction price to be lower than true market value, as when a parent " sells" real estate to a son or daughter.

Fill in the blank(s) with the appropriate word(s).

Ans: Conditions of Sale

Economics

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Which of the following definitely results in a product's equilibrium price rising?

A) an increase in both demand and supply B) a decrease in both demand and supply C) an increase in demand combined with a decrease in supply D) a decrease in demand combined with an increase in supply E) an increase in the supply combined with no change in the demand

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An increase in the amount of competition with other firms that employ "best practices" would be likely to cause a particular firm's labor productivity to:

A) increase B) stay the same. C) decrease. D) cannot be determined without additional information.

Economics