Which of the following is an example of anchoring in retail ...

[SGallaher96]

Which of the following is an example of anchoring in retail prices?
 
  A) Price tags on the merchandise list a high price that is charged at a competing retailer and the a much lower price that the store actually charges.
  B) An appliance store lists a commercial-quality coffee maker that has high capacity and is very expensive, and all of the other coffee makers are smaller and less expensive.
  C) Restaurant menus include a premium entree like a steak and lobster dinner that is very expensive, and all of the other entree choices are priced at lower values.
  D) all of the above

Question 2

Use the following two statements to answer this question: I. The price elasticity of demand is constant along the entire length of a linear demand curve. II.
 
  The price elasticity of demand is the special name that economists give to the slope of a demand curve. A) I and II are true.
  B) I is true, and II is false.
  C) I is false, and II is true.
  D) I and II are false.

[voltaire123]

Answer to Question 1

D

Answer to Question 2

D

[SGallaher96]

Thanks for the timely response, appreciate it

[Liddy]

Excellent