One Reason Why a Consumer Might Buy from a High-Priced

question 55

Multiple Choice

One reason why a consumer might buy from a high-priced local hardware store instead of going to a big discount store several miles away in another community is that

• A)the local store will still have lower money prices
• B)the time cost of going to the local store is equal to going to the discount store
• C)comparing the sum of money prices and time cost, the local hardware store is a bargain for people who value time highly
• D)comparing the sum of money prices and time cost, the local hardware store is a bargain for people who earn low hourly wages
• E)the time cost of going to the discount store is less than going to the local hardware store

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Definitions:

Perjury

Lying under oath or making false statements in a legal proceeding.

Under Oath

Bound by a formal promise to tell the truth in a legal proceeding or official statement.

Preponderance Of The Evidence

A standard of proof in civil cases, requiring that the evidence on one side outweighs the evidence on the other side.

Tort Law

A segment of law dealing with civil wrongs or injuries caused by one party to another, leading to legal liability and compensation claims.