Which of the following statements regarding price lining is most accurate?
A) In order for price lining to be effective, there should be at least five specified price points.
B) Price lining assumes that demand is inelastic at each price point but elastic between price points.
C) Price lining assumes that demand is elastic at each price point but inelastic between price points.
D) Price lining is the preferred pricing strategy for governmental contracts.
E) Price lining is the same as above-, at-, or below-market pricing.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements regarding price lining is most accurate?
A) In order for price lining to be effective, there should be at least five specified price points.
B) Price lining assumes that demand is inelastic at each price point but elastic between price points.
C) Price lining assumes that demand is elastic at each price point but inelastic between price points.
D) Price lining is the preferred pricing strategy for governmental contracts.
E) Price lining is the same as above-, at-, or below-market pricing.

Which of the Following Statements Regarding Price Lining Is Most