Wednesday 21 September 2011

The cost of changing price tags and price listings is known as?

I'm stuck on this question in my economics homework can anyone please help?

Thanks, Heather



The cost of changing price tags and price listings is known as



A. inflation-induced tax distortions.

B. relative-price variability costs.

C. shoeleather costs.

D. menu costs.
The cost of changing price tags and price listings is known as?
D) Simple to definition to remember; just think of the analogy: a menu is simply a convenient way for a restaurant to convey the 'price tags' and 'price listings' of food, thus the cost of changing that information is the menu cost.
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