In which of the following markets is a consumer more sensitive to price?
A)Credit Cards
B)Items sold door to door
C)Customized software upgrade
D)Copier/Printer Toner
E)Health Care

Question

Quizplus · Accepted Answer

Credit cards are a type of revolving credit that allows consumers to borrow money up to a certain limit. Consumers are more sensitive to price when it comes to credit cards because they have to pay interest on the money they borrow. The higher the interest rate, the more it will cost the consumer to borrow money.

In Which of the Following Markets Is a Consumer More