The Coffee Express company is located in a business district with few customers on the weekend. To attract customers on Saturday and Sundays, it reduces its prices on these two days. This is an example of
A. the income effect.
B. the substitution effect.
C. dynamic pricing.
D. cross-price elasticity.
E. the target return effect.
Answer: C
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Fill in the blank(s) with correct word
________ refers to a rule issued by an administrative agency that has the force of law and to which covered persons and businesses must adhere.
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