Mitch and Jill Were Visiting the Eiffel Tower When There

question 121

Multiple Choice

Mitch and Jill were visiting the Eiffel Tower when there was a downpour. They were willing to pay 25 euros for a poorly made umbrella that would usually sell for 10 euros or less. This illustrates the fact that:

• A) The relationship between price and potential demand can be driven by many factors.
• B) That cost plays no role in pricing decisions.
• C) Consumers act in irrational manner.
• D) Travelers do not understand exchange rates.

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