Which of These Statements Regarding Price Changes Is Most Accurate

question 82

Multiple Choice

Which of these statements regarding price changes is most accurate?

• A) Prices for tangible goods should change monthly, whereas service prices should change quarterly.
• B) Changing a product's price too frequently creates antagonism among consumers, yet changing prices too infrequently makes them feel the company is not improving its product sufficiently.
• C) Supermarkets should change their prices every week since customers are expecting new prices in the weekly flyers they receive in the mail.
• D) Companies selling products online can instantly change their prices whenever the need arises.
• E) Internet price changes are regulated by the Internet Fair Practices Act to protect consumers against price gouging.

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Definitions:

Court-Packing Plan

A controversial proposal to increase the number of justices on the U.S. Supreme Court, primarily to change its ideological leaning.

Ideological Direction

The guiding principles or underlying philosophy that determines the policy choices and actions of an individual, organization, or political party.

Textualism

A legal interpretation method that emphasizes the text of the law as the primary source of meaning, often associated with conservative approaches to jurisprudence.

Fourteenth Amendment

The Fourteenth Amendment to the United States Constitution, ratified in 1868, grants citizenship to all persons born or naturalized in the U.S., prohibits states from denying any person life, liberty, or property without due process of law, and guarantees equal protection under the laws.