A corner takeaway store sells hamburgers for $3.95,drinks for $1.95,and fries for $1.49 while a gourmet restaurant nearby sells entrees for $20,$30,and $45.Both of these restaurants are using ________.

Question

Quizplus · Accepted Answer

Both the takeaway store and the gourmet restaurant are using psychological pricing, which involves setting prices that have a psychological impact, such as prices ending in .95 or .49, to make them seem cheaper than they are.

A Corner Takeaway Store Sells Hamburgers for $3