The Decision About Whether to Change Prices Frequently or Infrequently

question 127

Multiple Choice

The decision about whether to change prices frequently or infrequently is an application of the:

• A)principle of comparative advantage.
• B)scarcity principle.
• C)principle of increasing opportunity cost.
• D)cost-benefit principle.

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Definitions:

Premises

Statements or propositions that provide the basis or grounds for a conclusion in logical reasoning or argumentation.

Conclusion

A proposition whose truth an argument seeks to establish.

Proposition

A pronouncement that indicates a viewpoint or judgment.

Premises

Statements or ideas on which an argument or inference is based or from which a conclusion is drawn.