Question
A products price has increased by 25% but demand has not been affected. It can be concluded that this product has: Elastic demand Slightly inelastic
A products price has increased by 25% but demand has not been affected. It can be concluded that this product has:
| Elastic demand | ||
| Slightly inelastic demand | ||
| Unitary elasticity | ||
| Inelastic demand |
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Say you buy a calculator to help you crunch numbers. The main reason you buy a calculator is to help with multiplying, adding, dividing, and subtracting to help you solve your problem. This knowledge best exemplifies which dimension of a "product?"
Core benefit
Augmented product
Hybrid service
Actual product
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Criminal Capital How The Finance Industry Facilitates Crime
Authors: S. Platt
1st Edition
113733729X,1137337303
