The Coffee Express Company Is Located in a Business District

question 18

Multiple Choice

The Coffee Express company is located in a business district with 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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Definitions:

Self-Fulfilling Prophecies

Predictions that directly or indirectly cause themselves to become true, due to positive feedback between belief and behavior.

Military Expansion

The growth and increase in size or scope of a country's armed forces or territorial reach.

Social Trap

A situation where a group or individual acts in a way that benefits them in the short term but ultimately leads to a situation that is damaging to all parties in the long term.

Collective Destruction

The act of a group causing harm or damage intentionally or unintentionally, often through a shared ideology or goal.