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Judy and Amy are having lunch together and decide to split the bill equally. Amy ordered more expensive items than she normally would because she is ______ price sensitive when sharing the cost. Multiple choice question.

Sagot :

ayfat23

Considering the scenerio about Judy and Amy are having lunch together and decide to split the bill equally. In this case, Amy is less price sensitive when sharing the cost.

What is price sensitivity?

Price sensitivity can be regarded as the degree to which demand changes as result if the changes in cost of a product or service changes.

It should be noted that Price sensitivity helps in measuring price elasticity of demand.

  • And this rule implies that some consumers will refuse to pay more incase there there us availability of lower-priced option.

Learn more at price sensitivity at:

https://brainly.com/question/14094175

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