Collector Carl Displays His Beer Can Collection at the Local

question 44

Multiple Choice

Collector Carl displays his beer can collection at the local swap meet.Mary sees the collection and is interested in buying it.Carl says he will sell the collection for $1,500.Mary says she really likes the collection but is only willing to pay $1,000.Which of the following is correct?

• A)Mary's counteroffer terminates Carl's offer of $1,500.
• B)If Carl rejects Mary's counteroffer,she can still accept Carl's offer of $1,500.
• C)Neither offer is valid.Who would ever pay $1,000 or $1,500 for a beer can collection?
• D)Mary's offer is an option contract and she cannot revoke the offer.

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Definitions:

Dependent Variable

In an experiment, it is the variable that is tested and measured, potentially being affected by the manipulation of the independent variable.

Positive Correlation Condition

A condition where two variables increase or decrease in parallel, indicating a direct relationship between them.

Placebo Effect

A psychological phenomenon where patients experience real improvements in their condition after receiving a treatment with no therapeutic value, simply because they believe it is effective.

Participants' Expectations

Refers to the beliefs or assumptions held by individuals participating in a study about what will happen to them or what they are supposed to do, which can influence the outcomes of research.