Some things never change.
The world never stops turning. Arnold Palmers are always the best drink to order on a restaurant patio in the summer, and Betty White remains a national treasure with every passing year. There are plenty of other examples I could cite — those are probably the main ones though.
Consistency is, well, consistent in a lot of fields, and pricing is no exception. Certain goods’ and services’ prices can be extremely resistant to change — they’re prices that stick and are, naturally, referred to as sticky prices.
Here, we’ll explore price stickiness a bit further, go
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