If a Car Dealership Decides to Offer a Rebate to Reduce

question 101

Multiple Choice

If a car dealership decides to offer a rebate to reduce the selling price of its cars and as a result finds an increase in its total revenues,then the demand for cars from this dealership is

• A)price elastic.
• B)price inelastic.
• C)rebate inelastic.
• D)unit elastic.
• E)unknown.

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Definitions:

Nonverbal Messages

Refers to the way people communicate without using words, including gestures, facial expressions, and body language.

Variety of Gestures

The use of physical movements and signs, beyond verbal communication, to convey messages or express thoughts and emotions.

Nonverbal

Pertaining to forms of communication that do not involve speech or written language, such as gestures, facial expressions, and posture.

Vocal Qualities

The characteristics of a person's voice, including tone, pitch, loudness, and expressiveness, which affect how spoken communication is perceived.