Asked by
Mahdieh Heidari
on Nov 24, 2024
Verified
By focusing the customers on the price of a product,you make
A) The demand for the product more inelastic
B) The customers less price sensitive to the product
C) Both A & B
D) None of the above
Price Sensitive
Being price sensitive means the demand for a product or service is highly influenced by changes in its price, where consumers may alter their buying habits significantly in response to pricing adjustments.
More Inelastic
A description of a product or service demand that is less sensitive to price changes compared to others.
- Digest the role of advertising in shaping the elasticity of product demand.
Verified Answer
AK
Learning Objectives
- Digest the role of advertising in shaping the elasticity of product demand.