Which of the Following Best Explains Why Prices Tend to Be

question 110

Multiple Choice

Which of the following best explains why prices tend to be inflexible even when demand changes?

• A)Government regulations limit the number of times a firm can change prices in a year.
• B)In most industries the profit-maximizing price does not change even when demand changes.
• C)Production costs do not tend to change when a firm varies its level of output.
• D)Firms may be reluctant to change prices for fear of setting off a price war or losing customers to rivals.

---

Definitions:

Neck Trauma

Physical injury to the neck area, which can involve muscles, bones, nerves, or vessels, and may result in significant harm or medical conditions.

Backrub

A massage or gentle rubbing of the back for relaxation, relieving tension or pain.

Commercial Bath Cleansing Pack

A pre-packaged set of products designed for convenient, one-time use during bathing or showering, often used in healthcare settings.

Bag Bath

A method of bathing that uses moistened cloths or wipes instead of immersing a person in water, often used for patients who are bedridden or have limited mobility.