In Which of These Instances Is Demand Said to Be

question 153

Multiple Choice

In which of these instances is demand said to be perfectly inelastic?

• A)An increase in price of 2% causes a decrease in quantity demanded of 2%.
• B)A decrease in price of 2% causes an increase in quantity demanded of 0%.
• C)A decrease in price of 2% causes a decrease in total revenue of 0%.
• D)An increase in price of 2% causes a decrease in quantity demanded of 1/2%.

Understand the concept and applications of cause marketing.

Differentiate between green marketing, cause marketing, and other related marketing practices.

Understand the role of sustainable marketing in meeting current and future generations’ needs.

Grasp the importance of societal responsibility within organizations.

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Definitions:

Stockholders

Stockholders, or shareholders, are individuals or entities that own one or more shares of stock in a public or private corporation, granting them equity ownership.

Acquiring Firms

Companies that purchase a majority stake in another company to assume control of its operations and resources.

Acquisition

The process by which one company takes over another and becomes the new owner.

Synergy Value

The additional value created by combining two companies, often expected from efficiencies or enhanced market power.