Which of the following supermarket strategies to increase sales would be most consistent with a neoclassical economics (versus behavioral economics) approach?

A. Holding posted prices constant but reducing package sizes.
B. Providing discounts for buying in bulk.
C. Placing the most frequently purchased items at the back of the store.
D. Positioning high-profit kids cereals on the lower shelves of the cereal aisle.

Answer: B

Economics

You might also like to view...

The largest component of federal government spending is for

A) Medicare and Medicaid. B) interest on the national debt. C) prisons. D) national defense. E) education.

Economics

Suppose that there are only two types of used cars, peaches and lemons and that used cars are pure experience goods. Peaches are worth $10,000, and lemons are worth $6,000. Three fourths of all used cars are peaches, and one fourth are lemons

In a market with no signals, for instance, a market without warranties, the average value of cars actually sold will be A) $6,000. B) $7,000. C) $9,000. D) $10,000.

Economics