For Sports Marketers,an Inelastic Demand Curve Means That They Have

question 50

Multiple Choice

For sports marketers,an inelastic demand curve means that they have greater flexibility in making pricing decisions.What can a sports marketer do to make demand for his or her product more inelastic?

• A) Have a winning team that people want to see play.
• B) Sell the rights to buy a season pass.
• C) Eliminate all quantity discounts.
• D) Use discriminatory pricing.
• E) Any of these strategies will help render demand more inelastic.

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Definitions:

Compulsion

An irresistible urge to behave in a certain way, especially against one's conscious wishes.

Compulsive Behaviors

Actions regularly carried out in response to an irresistible urge, often resulting in relief from anxiety or distress but not providing pleasure.

Severe Anxiety

A heightened state of anxiety characterized by extreme fear or worry, significantly impacting daily functioning.

Post-Traumatic Stress Disorder (PTSD)

A psychiatric condition instigated by either witnessing or undergoing a dreadful occurrence, identified by replaying memories, terrifying dreams, and extreme nervousness.