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    Business Essentials Study Set 1
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    Exam 2: Understanding Business Ethics and Social Responsibility
  5. Question
    What Is the Term Used to Describe a Situation When
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What Is the Term Used to Describe a Situation When

Question 3

Question 3

Multiple Choice

What is the term used to describe a situation when increased demand leads to overly steep and often unwarranted price increases?


A) price fixing
B) price matching
C) price stabilization
D) price gouging
E) price comparison

Correct Answer:

verifed

Verified

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