Ms. Haleema offered to sell her house to a Trader for Rs. 2,150,000. Trader said that he would take the house for Rs. 2,000,000. Ms. Haleema refused to sell here house to Trader at this price. A day later that Trader agreed to pay the original price for the house. Explain whether Ms. Haleema is obliged to sell her house to that Trader?

Ms. Haleema offered to sell her house to a Trader for Rs. 2,150,000. Trader said that he would take the house for Rs. 2,000,000. Ms. Haleema refused to sell here house to Trader at this price. A day later that Trader agreed to pay the original price for the house. Explain whether Ms. Haleema is obliged to sell her house to that Trader?

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter4: Markets In Action

Section: Chapter Questions

Problem 4SQP

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Similar questions

What is the highest price consumers would be willing to pay forthis product? Also called the reservation price in the market.
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