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While making a delivery,Barry,a delivery driver for XYZ Company,went through the drive through at a local restaurant to get a cup of coffee and bumped into the car in front of him doing some damage to the car's bumper.Which of the following is true regarding the liability of XYZ Company for the damage to the car?
Price Sensitivity
The degree to which the price of a product or service affects consumers' purchasing behaviors or demand for that product or service.
Elastic
Describes a situation in economics where the demand or supply for a product changes significantly when its price changes.
Inelastic
Refers to a market for a product or service that is price insensitive; that is, relatively small changes in price will not generate large changes in the quantity demanded.
Products
Items or services offered by a business to customers, which can include physical goods, services, and digital products.
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