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When marketers at Heinous Ketchup tried to determine demand for their product, they found that at a price of $1.00, consumers wanted 5,000 bottles, at
When marketers at Heinous Ketchup tried to determine demand for their product, they found that at a price of $1.00, consumers wanted 5,000 bottles, at $2.00, they wanted 6,000 bottles, and at $3.00, they wanted 4,000 bottles. What conclusion should Heinous reach?
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Heinous Ketchup is a prestige good
Heinous has an elastic demand curve
Heinous Kotchup has a normal demand curve
Heron did poor market research
Henos has an investic and curve
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