If a product has high pricing power this would indicate a situation of:
A) unitary demand
B) inelastic demand
C) elastic demand
D) constant demand
E) revenue maximization

Name: If a product has high pricing power this would indicate a situation of: A) unitary demand B) inelastic demand C) elastic demand D) constant demand E) revenue maximization
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Question

Quizplus · Accepted Answer

A product with high pricing power is said to have inelastic demand.

If a Product Has High Pricing Power This Would Indicate