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?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter5: Supply, Demand, And Price: Applications

Section: Chapter Questions

Problem 6QP

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