Price elasticity is the change in demand relative to the price changes
Question 13
Price elasticity is the change in demand relative to the price changes
True False
Question 14
In pure monopoly markets, pricing is often
predatory in nature
extremely high
under government control
a factor in consumer dissatisfaction
Question 15
There is only one criteria for a good segment.
True False
Homework Answers
Q.13. True statement as the demand is described as elastic or inelastic and the price elasticity is the change in the demand relative to the price change. Means the price elasticity is dependent on the change in the price of a particuar product.
Q.14. Option B is correct In the pure monopoly market pricing is very high as there is no competetion in the market
Q.15. False statement as there are so many criterias for a segmentation of the goods on the based on the nature as well as the need
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Price elasticity is the change in demand relative to the price changes
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