Question: Question 3- Fill in the blanks (20 points-5 points each) Cost-plus pricing Inelastic demand Everyday low pricing Elastic demand is when demand hardly changes with

Question 3- Fill in the blanks (20 points-5

Question 3- Fill in the blanks (20 points-5 points each) Cost-plus pricing Inelastic demand Everyday low pricing Elastic demand is when demand hardly changes with a small change in price. is when demand changes greatly with a small change in price. adds a standard markup to the cost of the product. involves charging a constant everyday low price with few or no temporary price discounts. a. b. C. d. Bonus Question (5 points) Provide one crowdsourcing campaign and explain

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