What is the psychological pricing effect where consumers perceive prices ending in .99 or .95 (like $9.99 instead of $10.00) as significantly lower than they actually are?

Pricing strategies can significantly impact consumer behavior and purchasing decisions. One of the most enduring pricing tactics used by retailers worldwide is psychological pricing. This poll tests your knowledge about a specific psychological pricing phenomenon that has shaped retail pricing strategies for decades and continues to influence how products are priced in both physical and digital marketplaces.

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