Question: 3940 39) When demand hardly changes with a small change in the price of a product, then the demand for the product is best described

3940 39) When demand hardly changes with a small change in

3940

39) When demand hardly changes with a small change in the price of a product, then the demand for the product is best described as A) elastic B) flexible C) indastic D) variable E) cydical 40) Which of the following conditions is most likely essential for implementing a successful market-slimming pricing strategy for a product? A) The produc's quality and image support its high price. B) Lower-priced alternatives can eta the market easily C) Low prices promote more marke growth than high prices. D) The produa's price matches its manufacturing costs. E) A low-price position of the product is maintained

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