The cost a business faces when changing prices in response to an economic shock is called:

Name: The cost a business faces when changing prices in response to an economic shock is called:
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Question

Quizplus · Accepted Answer

A menu cost is the cost that a business faces when it changes its prices in response to an economic shock. This cost includes the expenses associated with updating price lists, changing tags on products, and other marketing materials. The other options do not accurately describe the cost of changing prices.

The Cost a Business Faces When Changing Prices in Response