82. Which of the following is true regarding price elas growth resulting from a 1 perce a. The higher the elasticity, the lesser is the volum price reduction. b. Within the price indifference band, price change c. If demand is elastic, sellers will consider incre d. Price elasticity does not depend on magnitude change. e. When demand is inelastic, sellers should lower revenue. ffect on demand band, price changes have little or no effect on de nsider increasing the price. direction of the contemplated prie Sellers should lower prices in order to increase total Answer: 83. Which of the following is the most elementary pricing meth entary pricing method? a. value pricing b. going-rate pricing c. markup pricing d. target-return pricing e. perceived-value pricing Answer: 84. Which of the following types of distribution involves severely limiting the number of channel intermediaries? a. exclusive b. selective c. intensive d. aggressive e. retail Answer: ets is most likely to be sold using an exclusive distribution 85. Which of the following products is most likely to be sold usi strategy? a. designer luggage b. cigarettes c. alcoholic beverages d. car fuel e. medicine