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nakungth nakungth
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6 years ago
Some luxury product manufacturers will purposefully raise prices on their goods in order to reduce sales volume.  This strategy may successfully increase sales revenue if the luxury goods are subject to the ________ effect and have relatively ________ demand.
A) bandwagon, elastic
B) bandwagon, inelastic
C) snob, elastic
D) snob, inelastic
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Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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nakungth Author
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#2
5 years ago
A+ answer, ty
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