With an Understanding of Price Elasticity,sellers Should Know That the Less

question 20

Multiple Choice

With an understanding of price elasticity,sellers should know that the less elastic the demand for their product is,the more advantageous it is for them to ________.

• A)drop the price
• B)raise the price
• C)leave the price where it is
• D)discontinue the item
• E)bundle the product with another product

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Definitions:

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