When the price of product is reduced through a trade allowance, it is referred to as being:

______________ - occurs when persons buy/sell securities on the basis of info that is not available to the public.

Fill in the blank(s) with the appropriate word(s).

The price elasticity of demand is a units -free measure of the responsiveness of the ________ when all other influences on buying plans remain the same:

a) quantity demanded to a change in income b) quantity demanded to a change in the price of a substitute or complement c) quantity demanded of a good to a change in its price d) price to a change in quantity demanded e) none of the above