What does mean by Deed________________?
Correct answer: A. legal instrument used to grand a right
- A. legal instrument used to grand a right
- B. Something done
- C. legal instrument
- D. none of the above
Explanation
A deed is a formal legal instrument used to create, transfer, or grant a right, especially an interest in property. 'Something done' is the ordinary meaning of deed, but not its legal meaning here.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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