Which of the Following Would Not Be Used to Determine

question 62

Multiple Choice

Which of the following would not be used to determine whether an acceptance was communicated by reasonable means?

• A)Subjective beliefs
• B)Speed and reliability
• C)Nature of the transaction
• D)Trade usage

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Definitions:

Price Increase

Refers to a situation where the cost of goods or services rises over a period of time.

Total Utility Data

Information that represents the total satisfaction received from consuming a certain amount of goods or services.

Money Income

The total amount of monetary earnings or receipts accruing to an individual or household before taxes and other deductions.

Rational Consumer

An individual who makes purchase decisions that maximize their utility, given their budget constraints.