Lanover Manufacturing supplies windshield wiper blades to General Motors and Ford.A sudden jump in the price of rubber and its substitutes has forced Lanover and other wiper blades manufacturers to double the price of the wiper blades.This increase in price has not affected sales volume for wiper blades.The price change did not change demand for windshield wiper blades because demand for this product by business customers is:
A) inelastic
B) secure
C) bundled
D) elastic
E) resistant
Correct Answer:
Verified
Q68: An acute shortage of heavy-duty tires is
Q69: The demand for consumer goods often affects
Q70: When demand for a product is _,an
Q71: Bàbolina Tetra is a Hungarian company that
Q72: A U.S.manufacturer of lighted signs used in
Q74: A decline in the availability of bicycle
Q75: Imagine you are the research director of
Q76: Apple iTunes has sold over five billion
Q77: When two or more items are used
Q78: All of the following are demand characteristics
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents