menu
Sign up

A Consumer Goes to Purchase a Tv Advertised for $300.as

Question 95
Multiple Choice

A consumer goes to purchase a TV advertised for $300.As he is checking out,the clerk informs him of a $20 rebate offer for the TV,which he fills out and receives in 3 months.One can infer that the consumer had: A) a reservation price of at least $300,but jumped the hurdle anyway. B) a reservation price of at most $280. C) a reservation price of exactly $300. D) a reservation price of at least $280 but less than $300.

Related questions
Q 96
A consumer has a reservation price of $90 for a blender.If the local store is offering the blender for $100 with a $10 rebate and he does not make the purchase,one can surmise that: A) his reservation price was too high. B) his reservation price was too low. C) the hurdle was too high. D) the hurdle was too low.
Q 97
A monopolist sets its price at $100 and offers a 10% rebate.For this to be a perfect hurdle,it must be the case that: A) those with a reservation price of $100 or more purchase and ignore the rebate while those with a reservation price between $99 and $90 purchase and use the rebate. B) those with a reservation price of $90 don't make a purchase. C) no one takes advantage of the rebate. D) those with a reservation price of $100 make the purchase and claim the rebate.
Q 98
Which of the following is not an example of the hurdle method of price discrimination? A) A rebate offer B) Eliminating all sales specials and reducing all prices by 10% C) After-Christmas sales D) Weekly grocery store coupon fliers
logo
© 2020-2021 Cozyplus FZ LLC. All rights reserved