Monday, 16 July 2012

Pound for pound 99p is worth every penny

In Britain, as in many other parts of the world, prices are generally set at just below a whole pound or dollar or whatever the local currency unit. Why is that?

Tim Hartford takes a look:

http://timharford.com/2012/06/pound-for-pound-99p-is-worth-every-penny/

/ checkout open drawer make change pocketing money psychology economics /

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