0
Why would restaurant use prices like 8.9 and 4.99 instead of 8.50 and 5.00?
Wiki User
∙ 6y ago
It is a psychological thing, making people think of the price in regard to the digit before the decimal point as a key part and so it seems cheaper. It is also under the next whole number up, also giving that impression, giving people the impression that they are saving something, even though it is a tiny amount.
Wiki User
∙ 6y ago
Add your answer:
Earn +20 pts
What is administered price inflation?
when the government administers or subsidises prices of essential commoditites like rice, oil or even oil and electricity but the global prices are high, then it implies that these domestic prices would take some time to respond or adjust to global prices and in this process, the rate at which the prices respond would lead to inflation implying that it is transmitted through global prices.
What kind of relationship does demand have with prices?
the relationship demand has with prices is that when the demand for a product is high the prices go high as well, like gas and food....
When a product is known to have an 'elastic demand' it means?
When a product has elastic demand it means that a change in price will have a subsequent change in price. An example of an elastic good is a fuji apple. If the prices of fuji apples increase, then consumers will buy a substitute, like a pear instead. Say we are given a good, like food (in general), this product would be inelastic. Even a large increase in price would could little change in demand because people need this good.
What word means a continuous increase in prices?
Sounds like inflation to me.
What role does te government play in determining some prices?
The govt can regulate some prices like in resoursen such as land, the govt regulates rent on the market.
How do you use restaurant word in a sentence?
I WOULD LIKE TO go to a restaurant
What exactly is a restaurant system?
Restaurant systems are operating systems that information is stored on like a computer. They keep track of your sales and what kinds of food your establishment sells and the prices of it.
Why did the south not like the tariff?
It would raise agricultural prices on farmers
What type of restaurant is an automat?
Automat was considered a waiterless restaurant. What this means is that people would go in to the Automat and get coins from the cashiers that were there then they would insert the coins into a machine which would then dispense the food of their choice, kind of like a vending machine. The only difference is that this machine dispensed hot meals instead of just the typical snacks that are found now in vending machines.
What is the best seafood restaurant in the metropolis?
Check restaurant review sites such as Yelp to give you a list of local restaurants that specialize in seafood. Restaurant review sites can help you narrow down your search and provide insight into things like food quality, prices, service and atmosphere.
What would you like to change about the US?
gas prices
How much money does the restaurant industry make each year?
I would like to knowthe net worth of the restaurant industry?
In what order were the Free Credit ReportCom ads released?
First it was the dream girl. Second was the restaurant, then the car, next gas prices, and then rockstar, and finally renaissance fair. I think they are all clever and entertaining. Would like to know who the group is.
What are the bowling prices?
Bowling prices vary depending on where you would like to bowl as well as the day or time.
How do you say French restaurant in French?
restaurant is French, but you pronounce it like restauran. (without the t)restaurant like you
Where would you go on a first date?
somewhere like the movies or hang out and eat at a restaurant or something like that
What is the strength and weaknesses of a restuarant?
Strengths of a restaurant include the food, the service, and the atmosphere. Weaknesses of a restaurant include Depending on the restaurant these strengths can also be weaknesses. If a restaurant does not do well with any of these things, it would be a weakness.
