Phrasal verb: "sell off" vs. "sell up"

[zagor]

English Language Tests, Intermediate level

ESL/EFL Test #208 "What Comes Next? (2)", question 7

If the situation's that bad I suggest ..........

(a) you sell in
(b) you sell up
(c) you sell on
(d) you sell off

English Language Tests, Intermediate level

ESL/EFL Test #208 "What Comes Next? (2)", answer 7

If the situation's that bad I suggest you sell up.

Correct answer: (b) you sell up

Your answer was: incorrect
If the situation's that bad I suggest you sell off.
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Hey there,
please explain the meanings of all these "sell" related pharasal verbs.
regards

zagor

[Alan]

Hi zagor,

Sell in would refer to selling in a particular place or market.
Sell up means sell all your stock/merchandise and close your business
Sell on means you are selling to the next person what the first person sold you
Sell off is to sell things often at a reduced price that you want to get rid of.

Alan
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English as a Second Language
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