Consumer loyalty tends to be very low in markets such as cola drinks and tobacco products
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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"Price discriminators lose money by being nice to their customers." Is the previous statement correct or incorrect?
What will be an ideal response?
Economics
The income elasticity of demand measures
A) the income effect of a change in price. B) the responsiveness of quantity demanded to changes in income. C) how a consumer's purchasing power is affected by a change in the price of a product. D) the percentage change in the price of a product divided by the percentage change in consumer income.
Economics