The Most Persuasive Source of Communication Generally Comes from A(n)

question 87

Multiple Choice

The most persuasive source of communication generally comes from a(n) :

• A) formal source.
• B) intermediary audience.
• C) professional advertising.
• D) informal source.

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Definitions:

Elastic

A characteristic of a supply or demand curve that describes how much the quantity supplied or demanded responds to changes in price.

Unit Elastic

A situation when a change in price leads to an equal proportional change in quantity demanded or supplied.

Elasticity of Demand

A gauge of the degree to which a change in price impacts the demanded amount of a good or service.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, typically expressed as a percentage.