Which of the Following Statements About Price Lining Is True

question 96

Multiple Choice

Which of the following statements about price lining is true?

• A)This method assumes that demand is elastic at each price point used.
• B)Primarily government contractors use this method.
• C)Those who use this method prefer to have at least a dozen different price points.
• D)This method assumes demand is elastic between the price points.

---

Definitions:

Precipitation

Any type of water, be it in liquid or solid state, which descends from the sky and lands on the Earth's surface, such as rain, snow, sleet, and hail.

Large Grazers

Large herbivorous animals that feed primarily on grass and other low-lying vegetation.

Semiarid Zones

Regions characterized by light rainfall, usually between 10 and 20 inches per year, often resulting in scanty vegetation and a steppe climate.