An Economic Variable That Is Measured Per Unit of Time,such

question 141

Multiple Choice

An economic variable that is measured per unit of time,such as spending per year,is known as a:

• A)stock variable.
• B)periodic variable.
• C)dummy variable.
• D)flow variable.
• E)controlled variable.

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Definitions:

Price Skimming

A pricing strategy where a firm charges the highest initial price that customers will pay for a new product or service, then gradually lowers the price to attract more price-sensitive consumers.