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QUESTION 33 A major rival has entered bankruptcy and will exit yourmarket.What is the expected impact on the elasticity ofdemand for your product? A. Demand

QUESTION 33

  1. A major rival has entered bankruptcy and will exit yourmarket.  What is the expected impact on the elasticity ofdemand for your product?

    A.

    Demand becomes more inelastic

    B.

    Entrants do not impact demand elasticities

    C.

    Demand becomes more elastic

    D.

    We do not have enough information to answer this question

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