The amount of markup percentage is usually higher if ________.
A) there is idle capacity
B) demand is strong
C) competition is intense
D) demand is elastic

Name: The amount of markup percentage is usually higher if ________. A) there is idle capacity B) demand is strong C) competition is intense D) demand is elastic
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Question

Quizplus · Accepted Answer

When demand is strong, businesses can charge a higher price without having a significant impact on sales, allowing for a larger markup percentage.

The Amount of Markup Percentage Is Usually Higher If ________