Explain the Psychology Behind a Price of $9

question 79

Essay

Explain the psychology behind a price of $9.99 instead of $10.00.

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Definitions:

Symbolic Interactionism

A viewpoint in sociology that highlights the importance of symbols and language as fundamental components of all human interactions.

Educational Outcomes

Refers to the measurable performance indicators that reflect the extent to which educational objectives have been achieved by students.

Expectations

Refers to the beliefs or forecasts about future events or behaviors, which can shape social interactions and personal goals.

Educational Attainment

The highest level of education an individual has completed, which can influence their career opportunities, income, and social status.