Jeremy visits a new coffee shop. even though the arrangement of seats and counters at this coffee shop is different from every other coffee shop he has been to, he automatically knows that he must stand in line in front of the counter and get his sugar and cream from the counter on the side. in this scenario, jeremy has a(n) for how coffee shops work.

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?