Which of the following would be an economic explanation of how "99¢ pricing" was developed?
A) It was a sales gimmick that sellers used to try to fool their customers.
B) It was encouraged by a penny newspaper to increase the number of pennies in circulation.
C) It was a scheme to let firms advertise that their prices were under some round dollar figure.
D) It was a way of ensuring that sales were recorded on cash registers,thus reducing employee theft.
Correct Answer:
Verified
Q46: An equilibrium in which each individual optimizes,taking
Q47: Comparative statics involves
A) the application of principles
Q48: In laboratory experiments,how do animals respond to
Q49: In the Black-Scholes option pricing model,investors are
Q50: In a Nash equilibrium,which of the following
Q52: Which of the following is most likely
Q53: According to the law of one price,
A)
Q54: In a Walrasian equilibrium,which of the following
Q55: Suppose the exact statements of the assumptions
Q56: Abstract economic models whose assumptions and conclusions
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents