Poultry farmers feed premixed foods to their chickens and turkeys. This premixed food typically includes vitamin...
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Poultry farmers feed premixed foods to their chickens and turkeys. This premixed food typically includes vitamin additives. Vitamin B12 is one popular additive used by many premixed poultry food manufacturers. It is made by Rhône-Poulenc. Because the amount of vitamin B12 added to a 10-kilogram bag of premixed food is not significant, an increase in the price of this additive will have no effect on the price of the poultry food. In this case, which type of demand does vitamin B12 have? Poultry farmers feed premixed foods to their chickens and turkeys. This premixed food typically includes vitamin additives. Vitamin B12 is one popular additive used by many premixed poultry food manufacturers. It is made by Rhône-Poulenc. Because the amount of vitamin B12 added to a 10-kilogram bag of premixed food is not significant, an increase in the price of this additive will have no effect on the price of the poultry food. In this case, which type of demand does vitamin B12 have?
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Answer rating: 100% (QA)
SOLUTION Based on the information provided vitamin B12 has an inelastic demand in the context of poultry food An increase in the price of vitamin B12 ... View the full answer
Related Book For
Pricing Strategies A Marketing approach
ISBN: 978-1412964746
1st edition
Authors: Robert M. Schindler
Posted Date:
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