Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Suppose the price level falls but suppliers only notice that the price of their particular products has fallen. Thinking there has been a fall in the relative price of their product, they cut back on production. This is a demonstration of the ___.
A. sticky-wage theory
B. sticky-price theory
C. misperceptions theory
D. classical dichotomy