An Extraordinary Number of People Are Keen to Buy Toilet

question 5

Multiple Choice

An extraordinary number of people are keen to buy toilet brushes from Brunnings warehouse on Saturday morning when they are advertised at $1 each on television.Which of the people named below would be regarded as a consumer under the Australian Consumer Law (ACL) ?

• A)Pampered Patti, a rich Indonesian hotelier's daughter who purchases $3,000 worth of brushes for use in the many bathrooms of her Gold Coast apartments and resorts.
• B)Domestic Dora, who purchases 5 toilet brushes which she plans to use to scrub cobwebs and dust from inside of the pile of metal pipes and car bodies her husband has collected behind their shed.
• C)Flaky Flora who intends to spray-paint 200 of the toilet brushes (together with some ornate birdcages and live doves) in golf leaf and hang them, like foliage, from the ceiling of her wedding reception marquee.
• D)Entrepreneurial Eddie, who purchases $420 worth of toilet brushes to use in the automatic rotary toilet cleaning machine he has invented.

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Definitions:

Classical System

The classical system in economics refers to a school of thought that emphasizes free markets, competition, and the self-regulating nature of economies.

Self-Regulating Markets

A concept where markets operate and correct themselves through the forces of supply and demand without external intervention.

Flexible Wages

A wage system where pay rates can easily adjust in response to changing economic conditions, such as supply and demand for labor.

Aggregate Demand

The total demand for all goods and services within a country's economy at a given overall price level and in a given time period.