If the Own Price Elasticity of Demand Is Infinite in Absolute

question 75

Multiple Choice

If the own price elasticity of demand is infinite in absolute value,then:

• A) demand is perfectly elastic.
• B) the demand curve is vertical.
• C) consumers do not respond at all to changes in price.
• D) the demand curve is vertical and consumers do not respond at all to changes in price.

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Definitions:

Adaptive Selling

The practice of customizing sales approach to the specific needs and behaviors of individual customers or situations.

Sales Force

A dedicated team or group within a company responsible for conducting sales and building relationships with prospects and customers to drive revenue.

Market Conditions

The state of the economy and the conditions of the business and consumer sectors that influence supply, demand, and pricing.

Equalized Workload Method

A market-based sales force sizing approach in which sales managers use sales-activity calculations to determine proper staffing levels.