Sellers Should Know That the Less Elastic the Demand for Their

question 94

Multiple Choice

Sellers should know that the less elastic the demand for their product, the more advantageous it is for them to ________.

• A) drop the price
• B) raise the price
• C) maintain the price
• D) discontinue the item
• E) bundle the item with another product

---

Definitions:

Conversion

The unauthorized use or possession of someone else's property, leading to the infringement of property rights.

Tort of False Imprisonment

A legal claim against someone who intentionally restricts another's freedom to move without authority, justification, or consent.

Complete Restraint

A legal term referring to an agreement or clause that totally restricts a party's freedom or action.

Wrongful Interference

Actions that unlawfully disrupt or meddle in the business relationships or contracts between others, causing harm.