A local restaurant sells lunch entrees for $7.95,$9.95,and $11.95.This is an example of ________.

Name: A local restaurant sells lunch entrees for $7.95,$9.95,and $11.95.This is an example of ________.
Brand: Quizplus
Rating: 4.9 (58 reviews)

Question

Quizplus · Accepted Answer

The pricing strategy used by the restaurant is odd pricing, where prices are just below a whole number. Additionally, they are using price lining, where they offer different price points for different types of entrees. There is no evidence of price discrimination or predatory pricing in this scenario.

A Local Restaurant Sells Lunch Entrees for $7