In January, 2,500 quarts of ice cream are sold in Boston at $2 per quart. In February, 3,000 quarts are sold at $2.50 a quart. This change in the price and quantity sold of ice cream may have been caused by:
a. a reduction in wages in the Boston area
b. the introduction of labor-saving, automated ice cream packing machinery.
c. the release of a medical study showing that ice cream consumption improves mental health.
d. the decision by Boston ice cream sellers to eliminate discount coupons.
c
Economics
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"Personalized pricing" and "group pricing" are examples of:
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