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If the Price of Sugar Changed in the Market from 20

Question 208

Multiple Choice

If the price of sugar changed in the market from 20 cents to 25 cents per pound, and Sunharvest Grocery Market didn't change the price it charges for the sugar, this behavior is likely due to


A) discretionary policy.
B) irrational expectations.
C) large menu costs.
D) small menu costs.

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