When Negotiating the Price of Any Car, Which of the Following

question 88

Multiple Choice

When negotiating the price of any car, which of the following statements is true?

• A) The car dealer earns a small profit if the customer doesn't negotiate and pays full price.
• B) Dealers that negotiate will purposely price cars below the price for which they are willing to sell the car.
• C) Salespeople are trained to act as if they are giving the car away.
• D) Salespeople are uncertain of the price at which they can sell you the car until you begin negotiations.

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Definitions:

Cross-price Elasticity

An indicator showing the responsiveness of the demand for a particular item to variations in the price of a different item.

Pineapples

Tropical fruits that are known for their sweet and tart flavor, commonly used in cooking and baking.

Papayas

A tropical fruit that is sweet in taste, rich in vitamins, and typically has a yellow-orange flesh when ripe.

Tax Rate

The percentage at which an individual or corporation is taxed.