Question: Which of the following statement best describes Point Method? Question 5 options: Responsiveness of demand or sales to change in advertising or other promotional expenses.

Which of the following statement best describes Point Method? Question 5 options: Responsiveness of demand or sales to change in advertising or other promotional expenses. Measures the effects of the substitution of one commodity for another Measures price elasticity of demand at different points on a demand curve. The demand for a product or service is affected by its price, the income of the individual, the price of other substitutes, population, habit, etc

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