All of the Following Would Result in a Higher Price

question 31

Multiple Choice

All of the following would result in a higher price elasticity of demand except

• A)A longer time period
• B)Many substitutes
• C)Fewer substitutes
• D)A good that is considered a luxury

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Definitions:

Technical Experts

Individuals who possess a deep, specialized knowledge in a particular field or technology, often consulted for their expertise.

Internal Customer

The person who depends on the other people in the company to provide the services and products for the external customer.

Mediator

A neutral third party who assists in resolving disputes by facilitating communication between conflicting parties with the goal of reaching an agreement.

Customer Service Ethics

Moral guidelines that govern the behavior and practices of individuals providing services to customers.