Heather Chooses to Buy a Scarf from Macy's and Reads

question 69

Multiple Choice

Heather chooses to buy a scarf from Macy's and reads the price on the tag as $50.She uses her credit card to pay for the scarf,but only after the purchase does she notice that the price tag actually says $500.This is an instance of a(n) ________.

• A)bilateral mistake
• B)mutual mistake of value
• C)innocent misrepresentation
• D)unilateral mistake

---

Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan balance.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, meaning they have no preference for one bundle over another.

Caffeine

A stimulant compound found in coffee, tea, chocolate, and certain soft drinks, known for its effects on reducing fatigue and improving focus.

Synthetic Cubism

A later phase of Cubism, developed around 1912, that emphasized simpler shapes, brighter colors, and mixed media and collage elements.