Distribution Is Very Limited with Which of the Following Type

question 136

Multiple Choice

Distribution is very limited with which of the following type of consumer product?

• A)shopping product
• B)convenience product
• C)discretionary product
• D)prepurchase product
• E)specialty product

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Definitions:

Elastic

A demand curve on which percentage quantity changes more than percentage price is said to be elastic, or sensitive to price. If |e| > 1, demand is elastic, where e is the price elasticity of demand. If |e| = 0, demand is perfectly inelastic while if |e| is infinite, demand is perfectly elastic. If |e| 5 1, demand is unit elastic.

Normal Good

A good for which demand increases when consumer income rises, and falls when consumer income decreases, all else being equal.

Income Increased

A situation where an individual or entity experiences a rise in their earnings or revenue.

Two-Liter Coke Bottles

A specific size of Coca-Cola bottle that contains two liters of the soft drink.