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    Exam 14: Pricing Concepts for Establishing Value
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    The Price Elasticity of Demand for a Teeth-Whitening Kit Is
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The Price Elasticity of Demand for a Teeth-Whitening Kit Is

Question 71

Question 71

Multiple Choice

The price elasticity of demand for a teeth-whitening kit is -1.The market for this product is considered


A) ineleastic.
B) elastic.
C) dynamic.
D) saturated.
E) a prestige market.

Correct Answer:

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