The Following Information Pertains to Three Different Products Being Sold

question 11

Multiple Choice

The following information pertains to three different products being sold by Andy Company: $\begin{array}{ccccc}\text { Product }& \text { Old Price } &\text { New Price } & \text { Old Quantity } & \text { New Quantity }\\\hline\text { A } & \$ 10.00 & \$ 11.00 & 2,000 & 1,900 \\\text { B } & 20.00 & 18.00 & 4,000 & 4,600 \\\text { C } & 30.00 & 33.00 & 6,000 & 5,500 \\\text { D } & \$ 40.00 & \$ 38.00 & 8,000 & 10,000\end{array}$

Which product has an elastic demand curve?

• A)Product A
• B)Product B
• C)Product C
• D)Product D

---

Definitions:

Organizational Culture

Involves the shared values, beliefs, and norms that influence how employees interact and handle business operations within an organization.

Routine Behaviors

Actions that individuals perform regularly in a habitual manner.

Decision Making

The process of choosing among different alternatives or options to achieve a desired outcome or solve a problem.

Zappos

An online retailer known for its extensive selection of shoes and clothing, notable for its exceptional customer service and company culture that emphasizes employee happiness and satisfaction.