Which of the Following Is Always Used to Determine the Classification

question 368

Multiple Choice

Which of the following is always used to determine the classification of a good?

• A) Buyer's intent for using the product
• B) Amount of shopping required by the buyer to obtain the product
• C) Price of the product
• D) Specific product features
• E) Industry competitors

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Definitions:

Disjunction

A Boolean function that returns true when any of its inputs are true.

Tautology

A declaration that is inherently true due to its logical structure or necessity.

Disjunct

An element of a disjunction; a proposition or statement that forms part of an "or" statement in logic.

Tautology

A statement that is true by necessity or by virtue of its logical form, independent of the content of the proposition.