A market skimming strategy should be used when consumer price elasticity of demand is _____.
A)negative
B)elastic
C)inelastic
D)unitary

Name: A market skimming strategy should be used when consumer price elasticity of demand is _____. A)negative B)elastic C)inelastic D)unitary
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Question

Quizplus · Accepted Answer

A market skimming strategy is effective when demand is inelastic because consumers are less sensitive to price changes, allowing the company to set higher prices to maximize profits.

A Market Skimming Strategy Should Be Used When Consumer Price