A Horizontal Demand Curve for a Good Could Arise Because

question 86

Multiple Choice

A horizontal demand curve for a good could arise because consumers

• A) are irrational.
• B) are not sensitive to price changes.
• C) view this good as identical to another good.
• D) have no equivalent substitutes for this good.

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Definitions:

Approach Method

A strategy used to initially engage with a potential client, setting the tone for the sales process.

Salespeople

Individuals who sell products or services to customers, often tasked with meeting sales targets and building customer relationships.

Rephrasing Question

The act of rewording a question to clarify its meaning or to elicit a more detailed response.

Sales Process

A sequential series of actions by the salesperson that leads toward the prospect taking a desired action and ends with a follow-up to ensure purchase satisfaction.