PLEASE READ OPTIONS CAREFULLY, the wording is tricky on purpose I dont think A is correct Which of these statements about price elasticity of demand is most accurate The more substitutes a product has, the less likely it is to be price elastic Nondiscretionary (necessary) purchases are price inelastic With inelastic demand, manufacturers change prices frequently to capitalize on consumer behavior All products show some price inelasticity To increase value the most, marketers should decrease benefits and increase price decrease price and decrease benefits decrease price and increase benefits decrease benefits

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Question: PLEASE READ OPTIONS CAREFULLY, the wording is tricky on purpose. I dont think A is correct. Which of these statements about price elasticity of demand

PLEASE READ OPTIONS CAREFULLY, the wording is tricky on purpose. I dont think A is correct. Which of these statements about price elasticity of demand is most accurate?

-The more substitutes a product has, the less likely it is to be price elastic.

Nondiscretionary (necessary) purchases are price inelastic.
With inelastic demand, manufacturers change prices frequently to capitalize on consumer behavior

All products show some price inelasticity.

To increase value the most, marketers should

decrease benefits and increase price.

- decrease price and decrease benefits.

decrease price and increase benefits.
decrease benefits.

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