If a Demand Curve Is Downward Sloping,demand Is

question 83

Multiple Choice

If a demand curve is downward sloping,demand is

• A) unit elastic.
• B) elastic.
• C) inelastic.
• D) b or c
• E) There is not enough information to answer the question.

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Definitions:

Customer Service

The assistance and advice provided by a company to those people who buy or use its products or services.

Retention Marketing

Retention marketing focuses on strategies and actions aimed at retaining existing customers, enhancing their loyalty, and increasing their lifetime value to the business.

Temporal Factor

A variable related to time that influences outcomes, events, or processes, including duration, timing, and sequence.

Consumer Purchases

The action of acquiring goods or services for personal use or ownership by an individual.