Examlex
A car company sent three automobile magazines some technical information and explanations about the features of its innovative new model. One of the magazines later printed a story about the car. This is an example of:
Price Sensitive
Being price sensitive means the demand for a product or service is highly influenced by changes in its price, where consumers may alter their buying habits significantly in response to pricing adjustments.
More Inelastic
A description of a product or service demand that is less sensitive to price changes compared to others.
Complement Good
A product that is typically consumed together with another product, increasing the demand for both.
Substitute Good
A product or service that a consumer can use in place of another product or service.
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