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PLEASE READ OPTIONS CAREFULLY, the wording is tricky on purpose. I dont think A is correct. Which of these statements about price elasticity of demand

PLEASE READ OPTIONS CAREFULLY, the wording is tricky on purpose. I dont think A is correct. Which of these statements about price elasticity of demand is most accurate?

-The more substitutes a product has, the less likely it is to be price elastic.

  • Nondiscretionary (necessary) purchases are price inelastic.
  • With inelastic demand, manufacturers change prices frequently to capitalize on consumer behavior
  • All products show some price inelasticity.

To increase value the most, marketers should

decrease benefits and increase price.

- decrease price and decrease benefits.

  • decrease price and increase benefits.
  • decrease benefits.

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