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Minimum legal purchase age as of 1975 (when most states had their lowest age limit): Detail on dual age limits. Minimum legal purchase age as of 1983 (one year before the National Minimum Drinking Age Act was passed): Minimum age is 21. Minimum age is 20. Minimum age is 19 and 21. Minimum age is 19.
A 1994 study of an 86-store supermarket grocery chain in the United States concluded that a 10% EDLP price decrease in a category increased sales volume by 3%, while a 10% high-low price increase led to a 3% sales decrease. Because consumer demand at the supermarket did not respond much to changes in everyday price, an EDLP policy reduced ...
A microeconomic model of price-setting oligopoly which studies what happens when there is a homogeneous product (i.e. consumers want to buy from the cheapest seller) where there is a limit to the output of firms which they are willing and able to sell at a particular price. This differs from the Bertrand competition model where it is assumed ...
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