If a Business Finds That Demand for Its Good Is

question 20

Multiple Choice

If a business finds that demand for its good is very price elastic,it knows that

• A) price is very important.
• B) price is unimportant.
• C) price is unrelated.
• D) the effect of price is less important than the impact of the quantity consumers buy.
• E) the quantity consumers buy is unimportant.

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Definitions:

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Bullets

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