Products Such as Light Bulbs, Canned Soft Drinks, and Ice

question 137

Multiple Choice

Products such as light bulbs, canned soft drinks, and ice cream sandwiches are usually priced using ______ usually resulting in a ____

• A)multiple-unit pricing; lower per unit price.
• B)reference pricing; lower per unit price.
• C)multiple-unit pricing; more convenient package.
• D)bundle pricing; lower per unit price.
• E)bundle pricing; more convenient package.

---

Definitions:

Demand Inelasticity

A situation where the demand for a product does not change significantly with a change in its price.

Wendy's Hamburgers

A popular fast-food chain known for its burgers, recognized for its square hamburger patties.

Fast Food

A type of mass-produced food designed for commercial resale and with a strong priority placed on "speed of service" versus other relevant factors involved in culinary science.

Price Floor

A government or group-imposed price control or limit on how low a price can be charged for a product.