Prices that adjust nearly on a daily basis are
A) custom prices.
B) auction prices.
C) sticky prices.
D) heavy prices.

Question

Quizplus · Accepted Answer

Auction prices adjust nearly on a daily basis as per the bidding process. Custom prices are set individually based on specific customer requirements and hence do not adjust daily. Sticky prices are those that are slow to adjust, meaning that they remain the same for a longer period despite changes in the market conditions. Heavy prices is not a term used in the context of economics.

Prices That Adjust Nearly on a Daily Basis Are