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    Principles of Marketing Study Set 8
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    Exam 15: Price, the Only Revenue Generator
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    Price Elastic Refers to Consumers Who Are Very Sensitive to Price
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Price Elastic Refers to Consumers Who Are Very Sensitive to Price

Question 24

Question 24

Short Answer

Price elastic refers to consumers who are very sensitive to price changes and buy _____ at _____ prices and _____ at _____ prices.

Correct Answer:

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