Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
jhaygood86 jhaygood86
wrote...
Go to Answer
Posts: 545
Rep: 0 0
6 years ago
Business people talk about price elasticity of demand without using the actual words. Which quotation is about elastic demand?
A) "With the recent economic recovery, people have more income to spend and sales are booming, even at the same prices as before."
B) "A price cut won't help me. It won't increase sales, and I'll just get less money for each unit that I was selling before."
C) "I don't think a price cut will make any difference to my bottom line."
D) "Most of my customers are bargain hunters. Since I set my prices just a few cents below my competitors', sales are booming."
E) None of the above
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
Read 47 times
1 Reply
Replies
Answer verified by a subject expert
holymanholyman
wrote...
#1
Top Poster
Posts: 803
Rep: 21 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

jhaygood86 Author
wrote...

6 years ago
You make an excellent tutor!
Ivansitospeed@g
wrote...

Yesterday
Brilliant ツ
choih94
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1297 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 3535
  
 270
  
 1248
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Who's your favorite biologist?