If a Company Increased Its Price from $100 to $120

question 161

Multiple Choice

If a company increased its price from $100 to $120 and the quantity demanded fell by 40%, the price elasticity of demand for this product is

• A) 2.
• B) 1/2.
• C) −1/2.
• D) −2.
• E) 4.

Understand the importance of planning and preparation in negotiation success.

Distinguish between single-issue and multiple-issue negotiations.

Recognize the critical role of strategy and tactics in negotiation.

Understand the challenges in discussing and prioritizing issues.