If the Price of Bubble Gum Changed in the Market

question 275

Multiple Choice

If the price of bubble gum changed in the market from 1 cent to 1.5 cents and Joe's Market didn't change the price it charges for the bubble gum, this behavior is likely due to

• A)discretionary policy.
• B)economic laziness.
• C)large menu costs.
• D)small menu costs.

---

Definitions:

Self-confidence

The belief in one’s abilities, qualities, and judgment, often contributing to one’s sense of competence and assertiveness.

Motivation Levels

The intensity of an individual's desire or willingness to accomplish tasks and achieve objectives, which can significantly influence their performance and productivity.

Subordinates

Employees or individuals who are lower in rank or position and are under the direction of a superior or manager.

Verbal Persuasion

The process of influencing or convincing others using spoken words.