Daryl has just patented a new technological medical device designed to help individuals with disabilities navigate their homes safely. Currently, his is one of a very few companies operating in this industry. What would be the best pricing strategy for Daryl to use? 1) status quo pricing 2) penetration pricing 3) price skimming 4) both price skimming and penetration pricing Question 11 (1 point) Which of the following is true in a penetration pricing situation? 1) Prices should decline more rapidly when demand is elastic. O2) Prices should climb more rapidly when demand is inelastic. 3) Prices should decline more rapidly when supply and demand are equal. 4) Prices should climb more rapidly when elasticity of demand is equal to o