Suppose you value a special watch at $100.You purchase it for $75.On your way home from class one day,you lose the watch.The store is still selling the same watch,but the price has risen to $85.What should you do?
A) Pay the $85 to buy the watch.
B) Wait to see if the watch goes on sale.If the price drops to $75 or less,buy the watch.
C) Wait to see if the watch goes on sale.If the price drops to $25 or less,buy the watch.
D) Do not buy the watch.
Correct Answer:
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