Question: When is price elasticity high? Select one: a. When prestige pricing is used. b. It is difficult to evaluate quality. c. When the product is

When is price elasticity high?

Select one:

a. When prestige pricing is used.

b. It is difficult to evaluate quality.

c. When the product is considered a commodity.

d. When the cost of the product is very high.

e. When products are highly differentiated.

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