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Kaylee Went to the Specialty Grocery Store by Her Office

Question 53

Multiple Choice

Kaylee went to the specialty grocery store by her office after work. When looking at the offerings at the meat counter, she was surprised to see ribeye steaks selling for $12.49/lb. At her normal grocery store, she can get the same quality beef for $9.99/lb., a price Kaylee feels is reasonable. $9.99/lb. for ribeye steak is Kaylee's


A) reasonable price.
B) break-even point.
C) benchmark price.
D) reference price.
E) dynamic price.

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