The hoffmans owned and operated a successful small bakery. lukowitz, an agent of red owl stores, told them that for $18,000 red owl would build a store and fully stock it for them to operate. the hoffmans sold their bakery and purchased a lot on which red owl was to build the store. lukowitz then told the hoffmans that the price had gone up to $26,000. the hoffmans borrowed the extra money from relatives, but then lukowitz informed them that the cost would be $34,000. negotiations broke off and the hoffmans sued. the court determined that there was no contract. can the hoffmans recover any money?

answer; a large down payment,a longer term loan, would result in a lower monthly payment;

answer(eu) is the correct answer;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

the correct choice is a