"We can offer you a quality men's suit for under $200," the salesman says.The actual price is $199.99.This is an example of ________.

Name: "We can offer you a quality men's suit for under $200," the salesman says.The actual price is $199.99.This is an example of ________.
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Question

Quizplus · Accepted Answer

This is an example of psychological pricing, where the price is set just below a round number ($200), in order to create a perception that the price is significantly lower than it actually is.

"We Can Offer You a Quality Men's Suit for Under