Question 9 options:

	The demand for this product is inelastic, consumers are not sensitive to price change. Sales discount will NOT help increase much sales volume.
	The demand for this product is elastic, consumers are sensitive to price change. Sales discount will help increase much sales volume.

Question 10 (2 points)

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What is price elasticity?

Question 10 options:

	The relationship between price and quantity sold
	The degrees of freedom that a company has when setting the price
	The percentage change in quantity sold relative to the percentage change in price
	The ratio of an offerings price to quantity sold