Multiple Choice
French Quarter Inns reduces the price of a suite from $225 to $195 per night and experiences a reduction in the quantity of rooms demanded by an average of five per night. This is an indication that suites at this hotel are an example of a(n) product.
A) reverse-demand
B) inferior
C) standard
D) secondary-demand
E) prestige
Correct Answer:
Verified
Correct Answer:
Verified
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