Which of the following statements about a flexible-price policy is NOT true?
A)When using a flexible-price policy, the seller may risk violating the Competition Act.
B)A flexible-price policy may be used when selling a house.
C)This flexible-price policy may be used when selling a car.
D)Also called dynamic pricing, it gives sellers very little discretion in setting final price.

Question

Quizplus · Accepted Answer

The statement "Also called dynamic pricing, it gives sellers very little discretion in setting final price" is not true. In fact, a flexible-price policy (or dynamic pricing) gives sellers a lot of discretion in setting prices as they can change them in response to changes in supply, demand, and other factors.

Which of the Following Statements About a Flexible-Price Policy Is