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Homework answers / question archive / A restaurant sells three wines at $30, $40, and $50 per bottle

A restaurant sells three wines at $30, $40, and $50 per bottle

Marketing

A restaurant sells three wines at $30, $40, and $50 per bottle. When it adds another wine to the list at a price of $22, the sales of the $30 wine increase by 50%. This is an example of:

a. context effect

b. risk aversion

c. self-control problems

d. randomization

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