Sonja's Sub Shop Is Located in a Business District That

question 3

Multiple Choice

Sonja's Sub Shop is located in a business district that has few customers on the weekend. To attract customers on Saturday and Sundays, it reduces its prices on these two days. This is an example of

• A)dynamic pricing.
• B)the substitution effect.
• C)the income effect.
• D)the target return effect.
• E)cross-price elasticity.

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