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You are employed as a marketing assistant at a major retail firm. You are asked to review how various factors are likely to influence the

You are employed as a marketing assistant at a major retail firm. You are asked to review how various factors are likely to influence the elasticity of demand for the firm's products. Fill in the blanks with the word from the drop-down list that best completes each sentence. Words may be used more than once. a. The availability of substitutes is likely to select answer elasticity of demand for your products. b. Highly competitive industries tend to have select answer demand. c. The more buyers purchase a product online, the select answer the elasticity of demand for that products is likely to be. d. Demand for a line of high-end gourmet foods is likely to be select answer elastic than for a line of favorite grocery items used by families on a daily basis

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