Examlex
New classical macroeconomic theory emphasizes the role of "sticky" prices in the economy.
Customary Price
The expected or typical price range for a product or service within a particular market or industry, based on tradition or standard practice.
Nationally Branded
Products or services that are marketed under a manufacturer's brand name and widely recognized across a country.
Price Premium
An additional amount that consumers are willing to pay for a product or service perceived to have a higher value compared to its competitors.
Customary Price
The price that consumers expect to pay for a particular product or service, based on their past buying experiences or the norm in a market.
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