What Kind of Objectionable Advertising,if Any,was Barry Engaged in When

question 32

Multiple Choice

What kind of objectionable advertising,if any,was Barry engaged in when he offered convertibles for sale for $10,000 but only had three and then tried to convince customers to purchase a much more expensive vehicle?

• A) Advertise-and-deny
• B) Claim-and-refuse
• C) Bait-and-switch
• D) Ad trickery
• E) He was not engaged in any objectionable advertising so long as he had at least one vehicle in stock at a price of $10,000.

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Definitions:

Price

The amount of money required to purchase a good or service, determined by various market and economic factors.

Scarce Resources

Essential inputs that are available in limited quantities for the production of goods and services, leading to the problem of allocation.

Law of Demand

Economic principle stating that, ceteris paribus, as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.

Unlimited Wants

The economic concept that human desires and needs are endless and vary in nature, leading to constant demand for goods and services.