If Consumers Are Insensitive to Price Changes for a Particular

question 109

Short Answer

If consumers are insensitive to price changes for a particular good,their demand for the good is said to be _________.

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Definitions:

Adoption

The act of starting to use, support, or incorporate something new, such as a technology, idea, or practice.

Awareness Stage

The initial phase of the marketing funnel where potential customers first become acquainted with a product or brand.

Adoption

The act of legally taking another's child and bringing it up as one's own or embracing ideas, methods, or innovations.

Internalization

The process of integrating or absorbing knowledge, beliefs, values, or behaviors into one's own perspective or organizational practices.