Ask Question
5 July, 21:23

Brands that have developed loyal customers have a higher price elasticity of demand.

a. True

b. False

+1
Answers (1)
  1. 5 July, 21:44
    0
    The correct answer is false. It is because the brands associated to loyal customers are likely to have an elasticity that is lower than the demand by which the demand will likely to decrease in a slower phase as the price increases.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Brands that have developed loyal customers have a higher price elasticity of demand. a. True b. False ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers