When Demand for a Product Is Very Elastic and Prices

question 33

Multiple Choice

When demand for a product is very elastic and prices are increased, demand will ________.

• A) remain the same, and operating profits will increase
• B) remain the same, and operating profits may either increase or decrease
• C) decrease, and operating profits will decrease
• D) decrease, and operating profits may either increase or decrease

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Definitions:

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Noble Savages

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Genocide And Expulsion

The deliberate killing of a large group of people, especially those of a particular ethnic group or nation, accompanied by the forcible removal of survivors.

Canadian Government

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