Which pricing strategy, based on consumer psychology, is known to increase sales by making products appear less expensive than they actually are?

Pricing strategies are powerful psychological tools in retail and marketing. The right price point can dramatically influence consumer perception, purchase decisions, and brand positioning. This trivia question explores one of the most effective yet subtle pricing techniques used by retailers worldwide - a strategy that has been scientifically proven to impact consumer behavior and boost sales. Test your knowledge of pricing psychology that drives billions in retail revenue!

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Charm pricing (using prices ending in 9 or 99, like $9.99 instead of $10)
Bundle pricing (offering multiple products at a single price point)
Prestige pricing (setting deliberately high prices to convey quality)
Dynamic pricing (adjusting prices based on real-time demand and supply)