Different Prices Might Be Charged for the Same Good for All

question 88

Multiple Choice

Different prices might be charged for the same good for all the following reasons except

• A)quality differences.
• B)different shopping locations.
• C)consumer ignorance.
• D)the degree of service with the sale.
• E)the degree of consumer sensibility to prices.

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Definitions:

Charter of Rights

A formal declaration of the fundamental rights and freedoms guaranteed to the citizens and residents of a country.

Freedoms

The rights and privileges that allow individuals to act without interference or restriction within a society, subject to legal parameters.

Common Law

A collection of laws that are not codified but are founded on judicial decisions made by courts.

Equity

A branch of law that deals with justice and fairness, providing remedies and relief that are not available in the regular legal system.