A three day cooling off period in which buyers can cancel a contract after re-thinking it is to protect the consumer from ?
Correct answer: B. high pressure telling
- A. creative selling
- B. high pressure telling
- C. detail selling
- D. hard core selling
Explanation
A cooling-off period protects consumers from high-pressure selling, where urgency or psychological pressure pushes them into an unwanted purchase. It gives the buyer time to reconsider and cancel the contract.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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