If a price is "sticky",it:
A)does not change when currency values change but rather is affected by real world considerations.
B)is directly related to or "stuck" to currency values.
C)changes indirectly to currency value changes.
D)is affected only by changes in currency values and is not affected by other considerations.

Question

Quizplus · Accepted Answer

A sticky price refers to a price that does not change immediately or directly in response to changes in currency values, but rather is influenced by real-world economic factors and considerations such as supply and demand, production costs, and market competition.

If a Price Is "Sticky",it