Mae's Country Kitchen sells out of her cinnamon rolls every morning before 8:30 a.m.,and her later customers ask her to make more.The next day,Mae makes an additional two dozen cinnamon rolls and raises the price of an individual cinnamon roll by 50¢.She sells all but one of them.Mae has found the ________ price of her cinnamon rolls.

Question

Quizplus · Accepted Answer

Mae is adjusting the price and quantity of her cinnamon rolls based on market demand. She has observed that she consistently sells out every morning and that customers are asking for more. By making additional cinnamon rolls and raising the price, Mae is testing the market to find the right price point to maximize her profits while also meeting the demand for her product. Therefore, the correct answer is A) market.

Mae's Country Kitchen Sells Out of Her Cinnamon Rolls Every