Business, 03.03.2020 18:24 vanessajimenez361
Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as:.
a. an indicator of the variety.
b. an indicator of quality.
c. a measure of scarcity.
d. a reflection of status quo pricing. e. a measure of the income effect.
Answers: 2
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Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift...
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