menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Marketing Study Set 1
  4. Exam
    Exam 9: Pricing: Understanding and Capturing Customer Value
  5. Question
    When Demand Hardly Changes with a Small Change in the Price
Solved

When Demand Hardly Changes with a Small Change in the Price

Question 16

Question 16

Multiple Choice

When demand hardly changes with a small change in the price of a product, the demand for the product is best described as ________.


A) elastic
B) flexible
C) inelastic
D) variable
E) cyclical

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q11: _ uses buyers' perceptions of what a

Q12: Value-based pricing is often product driven, and

Q13: Which of the following pricing strategies charges

Q14: A break-even chart shows the total cost

Q15: Target costing starts with an ideal selling

Q17: Providing extra amenities to differentiate and support

Q18: Under oligopolistic competition, the market consists of

Q19: The relationship between the price charged for

Q20: Overuse of promotional pricing can erode a

Q21: Identify a few situations in which price

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines