A car owner who has agreed to sell his old car to a buyer at a contracted price will be unable to accept the price offered by other prospective buyers due to the _____ constraint.
A)financial
B)informational
C)societal
D)contractual

Question

Quizplus · Accepted Answer

The contractual constraint refers to the terms that were agreed upon in the contract between the car owner and the initial buyer. Therefore, the car owner is bound by the contract and cannot accept a different price from other prospective buyers.

A Car Owner Who Has Agreed to Sell His Old