1.Supermarket Prices. In a supermarket, prices for tomatoes change quickly, but prices for mops tend to not change as rapidly. Can you offer an explanation why? (Related to Application 1 on page 214.)...

1.Supermarket Prices. In a supermarket, prices for tomatoes change quickly, but prices for mops tend to not change as rapidly. Can you offer an explanation why? (Related to Application 1 on page 214.)

2. Retail Price Stickiness in Catalogs. During periods of high inflation, retail prices in catalogs changed more frequently. Explain why this occurred. (Related to Application 1 on page 214.)