If Demand Is Taken into Account, Firms That Use Cost-Plus

question 255

Multiple Choice

If demand is taken into account, firms that use cost-plus pricing can adjust price by

• A)letting sales fall, but hold the markup constant if demand falls.
• B)lowering markups on price-elastic goods and raising markups on price-inelastic goods.
• C)raising markups on price-elastic goods and lowering markups on price-inelastic goods.
• D)letting sales rise, but hold the markup constant if demand rises.

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Definitions:

Phasic Receptors

Sensory receptors that detect changes in stimulus intensity, adapting quickly and only responding to the onset and cessation of stimuli.

Primary Receptors

Sensory cells or nerve endings that respond directly to stimuli from the environment, such as light, sound, or chemicals.

Secondary Receptors

Molecules or structures in cells that detect signals from primary receptors and help propagate the signal inside the cell, often involved in signal amplification.

Tonic Receptors

Sensory receptors that respond to stimuli over a prolonged period, maintaining the perception of a sensation.