In Some Markets Consumers May Buy Many Different Brands of a Product

question 41

Multiple Choice

In some markets consumers may buy many different brands of a product. Which of the statements below best represents a situation where demand for a particular brand would be very elastic?

• A)"The different brands are almost identical. I always buy the cheapest."
• B)"I use so little of that product that when I do buy it, I don't pay much attention to the price."
• C)"The brand I buy is so superior to other available brands that I hardly consider the others."
• D)"I pinch pennies in buying other products, but like most people, I feel I owe it to myself to get the best brand of this product."

---

Definitions:

Temporal Lobe

The temporal lobe is a region of the cerebral cortex responsible for processing auditory information and encoding memory.

Complex Vision

Refers to an advanced or intricate ability to interpret visual information, understand visual relationships, and perceive detailed visual stimuli.

Prefrontal Cortex

A region at the front of the brain associated with complex behaviors, decision making, and regulating social behavior.

Organizing Movements

Refers to the coordination of muscle actions or activities to perform a specific task in a structured manner.