Multiple Choice
Geoff customizes Trek trail bikes. No two bikes are alike. He notices that very few customers even ask the price of his trail bikes before they decide to purchase them. Demand for his trail bikes is probably
A) price sensitive.
B) price elastic.
C) price inelastic.
D) income elastic.
E) cross-price elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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