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.
