Several factors contribute to short-run price stickiness.These include:
A)consumer preference for lower prices and the quality of the product.
B)durability and the quality of the product.
C)frequent sales and, inventory pile ups.
D)consumer preference for predictable prices and, the fear of price war.

Question

Quizplus · Accepted Answer

Short-run price stickiness can be caused by consumer preference for predictable prices as they may have budget constraints and fear of price wars as they might wait until the prices become more predictable.

Several Factors Contribute to Short-Run Price Stickiness.These Include