In Canada most people know when the Bay and Sears hold their big sales. Why is it that people shop at any other time of the year for durable or semidurable goods if they know they can get it on sale.
A) Canadians know that retailers are just trying to trick them
B) the opportunity cost of shopping during a sale is high
C) people shop when they need things
D) people aren't always utility maximizers
Correct Answer:
Verified
Q51: Who is more likely to get closer
Q52: An all- or- nothing demand curve:
A)tells us
Q53: All- or- nothing pricing is a:
A)special instance
Q54: The most common problem encountered with two-
Q55: A tie- in sale is a form
Q57: If a monopolist can charge an all-
Q58: In order to be able to price-
Q59: Efforts to price discriminate on the part
Q60: Perfect price discrimination is usually not attainable
Q61: All- or- nothing pricing:
A)is just another form
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