This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When a firm charges 4.95 instead of 5.00, what do economists call this pricing strategy? A) ... (Read 182 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: Jun 29, 2018
When a firm charges 4.95 instead of 5.00, what do economists call this pricing strategy?
 
  A) indirect pricing B) cost-plus pricing C) odd pricing D) unusual pricing

Question 2

Increases in the price level will
 
  A) raise consumption because some goods and services are more affordable.
  B) raise consumption because real wealth increases.
  C) lower consumption because real wealth decreases.
  D) lower consumption because goods and services are less affordable.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


theo

  • Member
  • Posts: 698
Reply 2 on: Jun 29, 2018
:D TYSM

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Success of the Republican “Southern Strategy” Success of the Republican “Southern Strategy”
Electric Charges Electric Charges
Barenaked Ladies - Call And Answer (Video Version) Barenaked Ladies - Call And Answer (Video Version)
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
Paired-end shotgun sequencing strategy Paired-end shotgun sequencing strategy
Video: Gastroesophageal Reflux Disease (GERD)

For a complete list of videos, visit our video library