A consumer goes to purchase a TV advertised for $300. As he is checking out, the clerk informs him of a $20 rebate offer for the TV, which he fills out and receives in 3 months. What can one can infer about the consumer's reservation price?
A)It was at least $300.
B)It was at most $280.
C)It was exactly $300.
D)It was at least $280 but less than $300.

Question

Quizplus · Accepted Answer

The customer was willing to purchase the TV for $300, so his reservation price must have been at least $300.

A Consumer Goes to Purchase a TV Advertised for $300