Is this Psychological Pricing?

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Is this Psychological Pricing?
Can you anser the following question. A shop is selling a product for 5.01. Is this psychological pricing or not?

Psychological pricing
It is not psychological pricing, since it may not be perceived as attractive to consumers as 4.99, to make it psychologically more attractive than 5.0...Sign up

Psychological Pricing
Hemant Desai, Management Consultant, India, Member
It could be; depending on whether other products are priced lower and this pricing is aiming to show it is in the next bracket (4 to 5)....Sign up


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