George is a minor who lives on his own. he orders clothing from fastshop. george later wants to disaffirm the contract. george can: a. not disaffirm the contract. b. disaffirm the contract because this contract is unconscionable. c. disaffirm the contract and keep the clothing without payment because he is a minor. d. disaffirm the contract, but he must pay for the reasonable value of the goods.

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

Which of the following is not an example of one of the four mail advantages of prices on a free market economy