Figure 14-3 Above Shows a Demand Curve That Slopes Downward

question 125

Multiple Choice

Figure 14-3 above shows a demand curve that slopes downward and to the right,then turns back on itself to the left.Which pricing approach does Figure 14-3 depict?

• A)prestige pricing
• B)skimming pricing
• C)penetration pricing
• D)price lining
• E)reflexive pricing

---

Definitions:

Phytoremediation

A bioremediation process that uses various types of plants to remove, transfer, stabilize, or destroy contaminants in the soil and groundwater.

Contaminants

Substances that are introduced into an environment where they don't belong, often harmful to organisms, polluting water, air, and soil.

Organic Contaminants

Harmful chemicals derived from or containing carbon, found in the environment, potentially affecting water and soil quality.

Soil Conditioner

A product added to soil to improve its physical qualities, such as structure, porosity, and water retention, enhancing plant growth.