Examlex
Match each item with the correct statement below.
-_____ is a type of personal selling that relies on lists of family members and friends of a salesperson,who organizes gatherings of potential customers for an in-home demonstration of products.
Inelastic
Describes a situation where a change in the price of a good or service has a relatively small effect on the quantity demanded or supplied.
Network Externalities
The effect that the number or size of users of a product or service has on the value of that product or service to other users.
Market Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good that all consumers in the market are willing to purchase at each price point.
Individuals' Demands
A reference to the total quantity of a good or service that an individual consumer is willing and able to purchase at various prices.
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