Exam (elaborations)
MKT 461/ MKT461 Exam 3 Practice Questions With Verified Answers
- Course
- MKT461 (MKT461)
- Institution
- University Of South Carolina - All Campuses
MKT Exam 3 Price elasticity - ANS: a measure of the effect a price change has on consumer demand; percentage change in demand divided by percentage change in price. Elastic vs. Inelastic - ANS: Elastic: describes demand that is very sensitive to a change in price Inelastic: Describes demand ...
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