Because It Was the Initial Year of Production, Only 3000

question 163

Short Answer

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
price gouging.
smart business practice.
price fixing.
collusion.
price lining.

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Definitions:

Skeletal Muscle Contractions

The process by which skeletal muscles—those attached to bones by tendons—generate force, leading to movement or the maintenance of posture.

Demyelination

The damaging or loss of the myelin sheath insulating the nerves, often resulting in neurological disorders.

Multiple Sclerosis

A chronic autoimmune condition affecting the central nervous system, where the immune system attacks the protective covering of nerves, leading to impaired bodily functions.

Respiration

The biological process involving the inhalation of oxygen and the exhalation of carbon dioxide, essential for life.