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    Retail Management
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    Exam 17: Pricing in Retailing
  5. Question
    Price Elasticity Is ________ When the Urgency for a Purchase
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Price Elasticity Is ________ When the Urgency for a Purchase

Question 107

Question 107

Multiple Choice

Price elasticity is ________ when the urgency for a purchase is low and the number of acceptable substitutes is high.


A) inelastic
B) elastic
C) unitary
D) positive

Correct Answer:

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