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.

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Definitions:

Temporal Lobe

A region of the brain situated below the lateral fissure, involved in processing auditory information and memories.

Primary Olfactory Cortex

The brain region involved in the perception of odors, located within the temporal lobe.

Taste Receptors

Specialized sensory cells located on the tongue that detect taste modalities such as sweet, salty, bitter, and sour.

Scleral Venous Sinus

A circular channel in the eye that drains aqueous humor from the eye into the bloodstream, also known as the Canal of Schlemm.