Mark wants to sell his condo. Jack and Nick are two prospective buyers. Jack is willing to pay the amount quoted by Mark, while Nick is unable to pay such a high price for the condo. Because Jack is able to pay the asking price, Mark sells his condo to Jack. In which type of economy does this transaction take place? A.
command economy
B.
communist economy
C.
market economy
D.
traditional economy

1)  

2) DEFINITION

3) THEOREM

4) POSTULATE

Step-by-step explanation:

1) DIAGRAM  B) A visual tool representing mathematical ideas to be interpreted

A diagram is the depiction or representation of information using symbols

2) DEFINITION A) A formal statement declaring the meaning of a word

A definition is a statement that outlines the meaning of a word or a group of words or a diagram, or a symbol or sign

3) THEOREM C) A mathematical statement proven using postulates and definitions

A general statement of a proposition that is by itself not evident, but given proof by a combination of postulates

4) POSTULATE D) A mathematical statement taken as a fact

An assumed truth taken as the foundation for further reasoning