Jill has a fixed budget and buys all of the items listed below. When will a 20% reduction in price cause her to change the amount she buys the most?
A) scented candles, regular price is $25
B) jasmine rice, regular price is $4/lb
C) GAP jeans, regular price is $75
D) flat-screen LCD TV, regular price is $400
E) living room couch, regular price is $300

Question

Quizplus · Accepted Answer

A 20% reduction in the price of a flat-screen LCD TV would result in a substantial amount of savings, making it possible for Jill to purchase other items that she would normally not be able to afford. This change in budget allocation may cause her to change the amount she buys the most, as she may now have more money to spend on other items. The other items listed are either too inexpensive or too expensive to be significantly affected by a 20% reduction in price.

Jill Has a Fixed Budget and Buys All of the Items