menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Marketing
  4. Exam
    Exam 10: Pricing: Understanding and Capturing Customer Value
  5. Question
    If Demand Hardly Changes with a Small Change in Price
Solved

If Demand Hardly Changes with a Small Change in Price

Question 130

Question 130

Multiple Choice

If demand hardly changes with a small change in price, the demand is ________.


A) variable
B) inelastic
C) highly elastic
D) derived
E) negative

Correct Answer:

verifed

Verified

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

Related Questions

Q125: Break-even volume is the number of unit

Q126: DivetheBlue, a company marketing deep-sea diving equipment,

Q127: As production moves up, the average cost

Q128: A company faces fixed costs of $100,000

Q129: If a company faces competition, its demand

Q131: Which of the following is true of

Q132: Why is markup pricing most likely popular?<br>A)

Q133: Cost-plus pricing _.<br>A) is a complex pricing

Q134: A company must pay each month's bills

Q135: Which of the following is true of

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