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Author Question: Some luxury product manufacturers will purposefully raise prices on their goods in order to reduce ... (Read 153 times)

karlynnae

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on: Jul 1, 2018
Some luxury product manufacturers will purposefully raise prices on their goods in order to reduce sales volume.
 
  This strategy may successfully increase sales revenue if the luxury goods are subject to the ________ effect and have relatively ________ demand. A) bandwagon, elastic
  B) bandwagon, inelastic
  C) snob, elastic
  D) snob, inelastic

Question 2

Refer to Scenario 17.2. An employer who only wants to hire those people who find learning less costly can do so by choosing y to be anywhere between
 
  A) 15 and 45.
  B) 15 and 30.
  C) 13 1/3 and 30.
  D) 8 and 20.
  E) none of the above


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AngeliqueG

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


karlynnae

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Reply #2 on: Jul 1, 2018
Thank you


AngeliqueG

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Reply #3 on: Jul 1, 2018
No problemo


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