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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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