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Please give me answer quickly. I will definitely upvote. 6. Quickmart has a large stock of canned soup that it wishes to sell before the
Please give me answer quickly.
I will definitely upvote.
6. Quickmart has a large stock of canned soup that it wishes to sell before the end of the month. To increase sales, it trials two sales strategies. In Strategy 1, it discounts the price from $2 to $1.50 per can. In Strategy 2, the price is also reduced from $2 to $1.50 per can, and Quickmart limits the number of cans of soup that people can buy at the $1.50 sale price to 12 per customer a. According to rational choice theory, relative to Strategy 1, what impact will the maximum limit on cans per customer in Strategy 2 have on the average number of cans sold per customer? [5 points] b. Suppose that each customer buys, on average, two cans of soup under Strategy 1 and five cans under Strategy 2. What heuristics-and-biases strategy are these observations consistent with? Explain your answer. [5 points]Step by Step Solution
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