If There Is No Change in Demand That Will Cause

question 4

Multiple Choice

If there is no change in demand that will cause a change in the price then the supply for the good is

• A)perfectly elastic.
• B)inelastic.
• C)perfectly unit elastic.
• D)perfectly inelastic.

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Definitions:

Successful Closing

In sales, successful closing refers to effectively concluding a deal or sales process, resulting in an agreement or purchase by the customer.

Direct Objections

Explicit reservations or disagreements voiced by a potential customer during a sales process.

Alternative-Choice Close

A sales technique where the salesperson presents the potential buyer with two choices, both leading to a sale, in an effort to close the deal.

Buying Decision

The process of evaluating and choosing from available alternatives to purchase a product or service.