Examlex
As you and your friend walk across the street toward the cafeteria, she says, "Oh, I can smell the lobster from here." You, however, can't smell it yet. Which of the following explanations is the most plausible?
Inelastic Demand
A situation in which the demand for a product or service is relatively unaffected by changes in price.
Car Repair Shop
An establishment where automobiles are repaired by auto mechanics, offering services from routine maintenance to more extensive repairs.
Intangibility
A characteristic of services that makes them unable to be seen, touched, or quantified before they are purchased and used.
Service Inconsistency
The variation in the quality or level of service provided to customers over different instances of service delivery.
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