If the price of sugar changed in the market from 20 cents to 25 cents per pound, and Sunharvest Grocery Market didn't change the price it charges for the sugar, this behavior is likely due to

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This behavior is likely due to small menu costs. Sunharvest Grocery Market may not want to incur the cost of changing the price of sugar in response to every small change in the market price. They may wait until a larger change occurs before adjusting their prices. This is an example of small menu costs, where the cost of changing prices is relatively low, but still significant enough to discourage frequent price changes.

If the Price of Sugar Changed in the Market from 20