Prices tend to be sticky partially because sellers know that consumers prefer stable prices.

Name: Prices tend to be sticky partially because sellers know that consumers prefer stable prices.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Prices tend to be sticky because both buyers and sellers have certain expectations about what prices should be and changing them could lead to uncertainty or dissatisfaction. Consumers generally prefer stable prices, but this is not the main reason why prices are sticky.

Prices Tend to Be Sticky Partially Because Sellers Know That