Because It Was the Initial Year of Production, Only 3000

question 63

Multiple Choice

Because it was the initial year of production, only 3000 units of a new model car were built. Some auto dealers got together and agreed that they would sell the cars only if the customer was willing to pay several thousand dollars over the sticker price. This is an example of

• A) price gouging.
• B) smart business practice.
• C) price fixing.
• D) collusion.
• E) price lining.

Examine the interaction between societal structures and individual gendered experiences.

Acknowledge the role of power dynamics in shaping gender identities and relations.

Understanding the development and reinforcement of gender roles through socialization processes.

Awareness of the impact of sociobiology and evolutionary psychology on gender behavior assumptions.

---

Definitions:

Company Dump Trucks

Heavy-duty vehicles owned by a company used for transporting large quantities of materials such as dirt, rocks, and sand.

Lower Price Buyer

An economic actor who prioritizes purchasing goods or services at the lowest available prices, often influencing market dynamics and pricing strategies.

Higher Price Buyer

A buyer willing to pay more than the standard price, usually in exchange for premium service, faster delivery, or exclusive access to a product or service.

Expected Revenue

The amount of money a business anticipates receiving over a certain period, based on sales forecasts and pricing strategies.