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In Which of the Following Situations Is the Seller a Merchant

question 21

Multiple Choice

In which of the following situations is the seller a merchant under Article 2 of the UCC?

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Definitions:

Total Utility

The entire enjoyment experienced from the use of a particular quantity of goods or services.

Marginal Utility

The supplementary enjoyment or advantage gained by a customer from the consumption of one more unit of a good or service.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service relative to its market price, indicating the economic benefit to consumers.

High Price

Refers to goods or services being sold at a rate above the average market value, often due to high demand, low supply, or premium quality.

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