With Regard to Price Elasticity,if a Product's Price Is Low

question 4

Multiple Choice

With regard to price elasticity,if a product's price is low to the point where there is considerable value left for the customer (a good deal) ,an increase in price will:

• A)decrease the market share of the product.
• B)not have much impact.
• C)decrease customer purchase.
• D)increase brand equity.

---

Definitions:

Electrophile

A chemical species that is attracted to electrons and tends to accept electrons during a chemical reaction.

Acetophenone

An organic compound, characterized as the simplest aromatic ketone, used as a precursor to fragrances and resins.

o,p-positions

Refers to the ortho and para positions in a benzene ring, which are locations relative to a reference point on the ring.

Aromatic Rings

Cyclic (ring-shaped) compounds containing delocalized pi electrons over the structure, leading to high stability.