Recall Application 1, "Measuring Price Stickiness in Consumer Markets," to answer the following questions:
-Based on what you learned from the application, coin- operated laundry prices behave as:
A) auction prices.
B) flexible prices
C) custom prices.
D) custom auction prices.

Question

Quizplus · Accepted Answer

Coin-operated laundry prices are an example of custom prices, which tend to be sticky and do not change frequently, reflecting the costs and pricing strategies set by the business owner.

Recall Application 1, "Measuring Price Stickiness in Consumer Markets," to Answer