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

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Definitions:

Hydrogen Ions

Positively charged ions (H+) that form when a hydrogen atom loses its electron, crucial in acid-base chemistry.

Muscle Cramps

Involuntary and sudden contractions of a muscle or muscles, often causing pain and discomfort.

Lactate Ion

A negatively charged ion (anion) formed from lactic acid, playing a significant role in metabolic processes, especially in muscle cells during strenuous exercise.

Pyruvate Ion

A negatively charged ion derived from pyruvic acid, playing a crucial role in metabolic processes as an energy source.