Multiple Choice
GeeGee's is a community-based bakery known for its scrumptious tea cakes. The recipe calls for expensive spices imported from Asia. Recently, the cost of these spices has risen dramatically, leading GeeGee's to consider increasing its prices. What could GeeGee's management perform in order to analyze how this change would affect consumer choices?
A) a transformational economic analysis
B) a microeconomic analysis
C) a structural analysis
D) a macroeconomic analysis
Correct Answer:
Verified
Correct Answer:
Verified
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