--%>

Buyer beware-Laws and Regulations

I have a problem in economics on Buyer beware-Laws and Regulations. Please help me in the following question. Caveat emptor signifies: (i) Let the sellers beware. (ii) Sellers are the most excellent judges of the quality of their goods. (iii) Charge whatever the market will accept. (iv) Let the buyer beware. (v) Buyers have to be cautious regarding the goods they purchase.

Choose the correct option.

   Related Questions in Microeconomics

  • Q : Break-even level of income The

    The break-even level of income for four member of family under the negative income tax system demonstrated in this figure is: (1) $15,000 per year. (2) $30,000 per year. (3) $45,000 per year. (4) $60,000 per year. (5) $75,000 per year

  • Q : Protect monopolistic firms by barriers

    Barriers to entry which may protect monopolistic firms through losing market power across time do not comprise: (i) legal or regulatory barriers. (ii) artificial barriers. (iii) collusive barriers. (iv) strategic barriers. (v) natural

  • Q : Transaction costs in entrepreneurship

    When you became an entrepreneur, in that case the transaction costs incurred in containing a luau for your employees would not comprise: (w) filling your car along with gasoline on the way to picking up the pig and poi. (x) time you u

  • Q : Differentiate perfect and monopoly

    Differentiate between perfect competition and monopoly competition?

  • Q : Elasticity of Demand Elasticity of

    Elasticity of Demand: The law of demand elucidates that demand will change due to a change in the price of the commodity. However it does not elucidate the rate at w

  • Q : Illustration of demand for Spurs tickets

    Can someone help me in finding out the precise answer from the given options. In the year 2005, the San Antonio Spurs basketball team increased all ticket prices and attendance surpassed the year 2004 attendance, pointing out a raise in the: (i) Upward slope of ticket

  • Q : Capitalization in expected income

    Capitalization is the process whereby wealth is produced and after that recognized when: (1) financial institutions transform households’ saving in economic investment. (2) asset prices are adjusted through market forces to reflect the present v

  • Q : Generating utility through production I

    I have a problem in economics on Generating utility through production. Please help me in the following question. The production generates utility by making a good more precious in: (1) Possession. (2) Time. (3) Form. (4) Place. (5) All the above.

    Q : Patent new invention included in

    Predatory behavior would not comprise: (w) aggressive advertising. (x) monopolizing access to essential resources. (y) lowering prices. (z) getting a patent on a new invention which is likely to start a new industry.

    Q : Long Run-Firm can vary all inputs I

    I have a problem in economics on Long Run-Firm can vary all inputs. Please help me in the following question. In long run: (1) Firm can vary all the inputs. (2) Firm can vary few inputs, however not all. (3) Capital starts to depreciate. (4) Output increases.