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Which of the Following Would Be an Economic Explanation of How

Question 64

Multiple Choice

Which of the following would be an economic explanation of how "99¢ pricing" was developed?


A) It was a sales gimmick that sellers used to try to fool their customers.
B) It was encouraged by a penny newspaper to increase the number of pennies in circulation.
C) It was a scheme to let firms advertise that their prices were under some round dollar figure.
D) It was a way of ensuring that sales were recorded on cash registers,thus reducing employee theft.

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