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Which of the following statements is not true? Group of answer choices The supply of a product is fairly easy to measure; the demand for
Which of the following statements is not true? Group of answer choices The supply of a product is fairly easy to measure; the demand for hospitality products is not. Knowing the amount of available supply can be very helpful in evaluating the effectiveness of an RM's pricing strategies. An accurate measurement of demand for hospitality products requires the consideration of 3 separate factors affecting buyers: desire, ability to pay and willingness to pay. An equilibrium price does establish the value of a product. None of the above
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