Businesses That Adjust Their Prices Upward in Response to High

Multiple Choice

Businesses that adjust their prices upward in response to high demand,consistent with economic laws of supply and demand,can experience which of the following outcomes:

A) Underperform other businesses that consider the norms of fairness.
B) Are punished by customers who are more sensitive to fairness than to economic rationality.
C) Make larger profit than businesses that comply with norms of fairness.
D) All of the above