When Customers Face Significant Switching Costs,the

question 109

Multiple Choice

When customers face significant switching costs,the

• A) demand for the existing product becomes more inelastic.
• B) supply for the existing product becomes more inelastic.
• C) demand for the existing product is perfectly inelastic.
• D) supply for the existing product is perfectly inelastic.
• E) demand for the existing product becomes neither perfectly elastic nor perfectly inelastic.

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