The Economic Entity Most Likely to Engage in Price Gouging

question 156

Multiple Choice

The economic entity most likely to engage in price gouging is

• A) the manufacturer of the product,such as a Honda generator.
• B) a national big-box store,such as Target or Walmart.
• C) a local,regular supplier of the product.
• D) an individual or business who has a supply of the product somewhere else.
• E) a local resident who wants to get rid of his or her own product.

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Definitions:

Article 3

Typically refers to a segment of a constitution, legal code, or treaty that outlines specific powers, rights, or obligations.

Indorsements

Signatures or statements on a negotiable instrument (like a cheque or bill of lading) that specify the terms under which the document is to be transferred or can enforce rights under it.

Negotiation

The process where two or more parties discuss and modify terms of an agreement to reach a mutually acceptable solution.

Indorsements

The act of signing a document, typically on the back of a negotiable instrument like a check, signifying agreement, approval, or endorsement of its contents.