If Louisa's Craft Supply Store uses odd-even psychological pricing, then it would likely price its yarn at
A) $4.50 per ball.
B) $4 per ball.
C) $5 per ball.
D) $4.95 per ball.
E) $6 per ball.

Question

Quizplus · Accepted Answer

Odd-even psychological pricing is a strategy of setting prices that end in odd numbers for products that are seen as less expensive or inexpensive. The idea is to create an impression that the price is lower than it actually is. Therefore, Louisa's Craft Supply Store is most likely to price its yarn at $4.95 per ball, which is an odd-four number and may create a perception of a lower price than it actually is.

If Louisa's Craft Supply Store Uses Odd-Even Psychological Pricing, Then