Consider the Following Information About the Price and the Price

question 35

Multiple Choice

Consider the following information about the price and the price index of a popular book over three years. What was the approximate price of the book in 2011?

• A) $10
• B) $10.80
• C) $8.10
• D) $10.69

---

Definitions:

Sales Puffery

Exaggerated or promotional statements made by sellers that are not meant to be taken literally and do not constitute legally binding promises.

Express Warranty

A promise or guarantee made by a seller about the condition, quality, or performance of a product.

'64 Mustang

A classic American car model introduced by Ford in 1964, known for its performance and style, marking the creation of the "pony car" class.

Full Warranty

A comprehensive guarantee that promises to repair or replace a defective product within a specified time frame without any cost to the consumer.