When the Montreal Gazette newspaper reduced the weekly subscription price from $5.00 to $4.00 (a savings of
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Question:
When the Montreal Gazette newspaper reduced the weekly subscription price from $5.00 to $4.00 (a savings of 20), the number of subscriptions sold increased by 5%.
This suggests that their customers have ________ demand and that the lowest price ________ income.
Explain why it is inelastic and diminished.
instead of elastic thank you
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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