REPOND TO RESPONCE BELOW WITH AT LEAST 250 WORDS CITATION AND REFRENCE Pricing and Economic Strategies: Odd Pricing Odd pricing is a psychological pricing strategy that involves ending pri
Consider how an economic model can be viewed as a simplified description of reality, designed to yield hypotheses about economic behavior that can be
Consider how an economic model can be viewed as a simplified description of reality, designed to yield hypotheses about economic behavior that can be tested. In essence, a simulation. Hence, one important element of an economic model is that it is necessarily subjective in design because there are no objective