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For physics, I need to write a hypothesis for why a retailor would mark a price to $2.98 instead of $3.00.
Heres what I put.
If the price of an object is $2.98 instead of $3.00, then the consumer is more likely to buy the object.
How does this sound?
for physics?? are you sure you didn't mean to type psychology or something? :DQuote:
Originally Posted by Morgan82
yes, i suppose what you wrote is one possible reason. the consumer is more likely to buy it for 2.98 because it is cheaper and the retailer can mark the price less than, but really close to, what he would rather, and still benefit from it, that is, it would probably take a while, considering the demand for the product, for the extra $0.02 to cause a significant, if any, loss to the retailer