The costs of changing prices are called:
A) short-run costs.
B) long-run costs.
C) menu costs.
D) printing costs.

Question

Quizplus · Accepted Answer

The costs of changing prices are called menu costs. These include the cost of designing, printing, and distributing new menus, as well as the cost of updating price tags or labels on products. Menu costs can be a barrier to firms wishing to adjust their prices frequently and quickly, and can contribute to sticky prices in the short run.

The Costs of Changing Prices Are Called