The Price of a New Apple IPod Has Increased by 1/4

question 92

Multiple Choice

The price of a new Apple iPod has increased by 1/4. If the original price of the Apple was $200, what is the price today?

• A)$150
• B)$250
• C)$200
• D)$175
• E)$300

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Definitions:

Remedies

Legal means for enforcing rights or compensating harm due to the breach of a legal duty.

Tying Arrangements

Business practices where the sale of one product or service is conditioned on the purchase of another, often scrutinized under antitrust laws for potentially restricting competition.

Exclusive Dealing Arrangements

A contractual agreement where one party agrees to buy goods exclusively from another party, limiting their ability to purchase from others.

Seller

A person or entity that offers a product or service for sale.