Which of the Following Statements with Regard to Push and Pull

question 79

Multiple Choice

Which of the following statements with regard to push and pull systems is true?

• A)Push systems are aimed at flooding the market with goods.
• B)Pull systems are intended to satisfy the demands of customers.
• C)The government regulates push systems better than pull systems.
• D)The government regulates pull systems better than push systems.

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Definitions:

Price-Elasticity Coefficient

A numerical measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Elastic

A term in economics that describes the sensitivity of demand or supply to changes in price or income.

Price Range

The spread between the lowest and highest price at which a product or service is offered in the market.

Demand Schedule

A table that shows the quantity of a good or service demanded at different price levels.