Question: Question: Briefly explain if the demand for a product is highly elastic (adjustable) and can the company easily change their prices. True or False? Explain

Question:

Briefly explain if the demand for a product is highly elastic (adjustable) and can the company easily change their prices. True or False? Explain it with proper example? NOTE: This is a question related to Introduction to Marketing. Please explain with full detail and precise answer. Please do not spam or copy paste irrelevant answers from google and answer to the point and clearly.

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