do you think goods are sometimes marked in prices thatend in 9s, for example ―$29.99‖ instead of $30, or ―$9.99‖instead of $10?
I. Consumers respond to incentives-they view the products ascheaper and so they buy more
II.Businesses are sneaky and add the extra cent onto taxes onthe product
III. It is a sales strategy that makes people think the product ison sale.

Question

Quizplus · Accepted Answer

The practice of pricing goods ending in 9s is a well-established sales strategy. It makes customers perceive the product as being cheaper and on sale, which encourages them to buy more. The addition of the extra cent onto taxes is not a common practice, and even if it were, it would not be a significant enough factor to explain the widespread use of pricing with 9s. Therefore, option I is the only plausible explanation for this sales tactic.

Do You Think Goods Are Sometimes Marked in Prices Thatend