-Refer to the Information Above to Answer This Question

question 175

Multiple Choice

-Refer to the information above to answer this question.Which of the following statements is correct?

• A)Demand is inelastic if the price changes from $5 to $7.
• B)Demand is inelastic if the price changes from $4 to $7.
• C)Demand is inelastic if the price changes from $6 to $10.
• D)Demand is unitary elastic if the price changes from $1 to $10.
• E)None of the choices are correct.

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Definitions:

Contingency Plan

is a strategy or procedure prepared in advance to manage and mitigate the impact of possible future events, emergencies, or risks.

Metropolitan Markets

Urban areas that typically have a large consumer base and offer a wide range of goods and services.

Appendices Section

A section at the end of a document or book that contains additional information, detailed data, and supportive materials not included in the main text.

Marketing Plan

A comprehensive document or blueprint that outlines an organization's marketing efforts for a specific time frame, including strategies, target markets, and marketing objectives.