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Business, 19.11.2019 04:31 xojade

The owner of a small convenience store observed that almost all customers paid with credit cards regardless of whether they had cash available, resulting in significant processing charges for the store. the owner began to add a fifty-cent charge to credit card purchases under two dollars, and during the following month, virtually all customers used cash for small purchases while continuing to use credit cards for larger purchases. nonetheless, during the month after the charge was instated, the average dollar amount of each cash transaction was almost identical to the average dollar amount of each credit card transaction. the information in the passage most strongly supports which of the following? a. the average dollar amount spent by customers who did not have cash available was higher after the charge was instated than it had been beforehand. b. after the charge was instated, customers who used cash for purchases totaling two dollars or more spent more, on average, than customers who used credit cards for these purchases. c. the average dollar amount spent in each cash transaction at the convenience store was lower after the charge was instated than beforehand. d. a significant majority of purchases made at the convenience store during the month after the charge was instated were made using credit cards. e. prior to the charge, the average amount spent on credit card transactions was higher than the average amount spent on cash transactions.

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