A Small Change in Price Per Unit Might Result in a Dramatic

question 39

True/False

A small change in price per unit might result in a dramatic increase in sales,which means sales volume has a high sensitivity to product price.

---

Definitions:

Loyal Supporter

An individual who steadfastly supports a cause, organization, or leader, often in the face of opposition.

Civil Code

A systematic collection of laws designed to comprehensively deal with the core areas of private law such as property, family, and contracts.

Patriarchal Beliefs

Cultural or societal norms and values that prioritize male authority and dominance in families, communities, and governance, often at the expense of women’s rights and equality.

Legal Dependent

An individual, often a child or spouse, who is legally recognized as being under the care and financial responsibility of another person or guardian.