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Which of the following products is most likely to benefit from depreciation of the U.S. dollar? Note: Elastic here means that the demand moves significantly
Which of the following products is most likely to benefit from depreciation of the U.S. dollar?
Note: "Elastic" here means that the demand moves significantly to small price changes, whereas "inelastic" means demand does not change much in response to price changes.
Group of answer choices
a.MercedesBenz auto facing price inelastic demand
b.Chevrolet automobile with a highly price elastic demand
c.highend signal processor from HewlettPackard that faces minimal competition
d.lowend Japanese machine tools
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