You Have Been Having Significant Problems with Your New Car

question 81

Multiple Choice

You have been having significant problems with your new car.Every time you turn around something is breaking or not working properly.Fortunately,the "lemon laws" are there to help.Which of the following is not one of the criteria for application of the lemon laws?

• A)You have made at least four attempts to solve the problem.
• B)Your car has been out of service for at least 30 days during the first year after purchase.
• C)You have under 12,000 miles on the car.
• D)You must return the vehicle to the original dealership.

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Definitions:

Price Elasticity

A way to gauge how fluctuations in price affect a good's market demand.

Substitutes

Products or services that can replace each other in use, offering consumers alternatives.

Necessity

A necessity is a good or service that is considered essential for basic living and well-being, such as food, water, and shelter.

Price Elasticity

The responsiveness of the quantity demanded of a good to a change in its price.