Ask Question
BusinessBusiness
24 November, 09:01

If a firm successfully differentiates its product from other products in the market, then we should expect the elasticity of demand for the differentiated product to become: A. more inelastic B. more elastic C. We do not have enough information to answer this question D. retain the same elasticity of demand

+4
Answers (1)
  1. 24 November, 09:16
    0
    Answer: If a firm successfully differentiates its product from other products in the market, then we should expect the elasticity of demand for the differentiated product to become: "A. more inelastic".

    Explanation: Inelastic demand is that demand that is not very sensitive to a change in price. In this way, before a variation in the price the quantity demanded reacts in a less than proportional way. Therefore, if a company manages to differentiate its product, consumers will prefer it before other products, which will result in a more inelastic demand.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If a firm successfully differentiates its product from other products in the market, then we should expect the elasticity of demand for the ...” 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
You Might be Interested in
If the natural rate of unemployment in scoob is 5 percent, then
Answers (1)
Ariel is working at a meat-packing plant 5 nights a week. her regular wage is $11 an hour. she earns time and a half for any overtime hours. this week she worked 9 hours of overtime. how much will ariel make this week including her overtime?
Answers (1)
Where are you most likely to encounter lead on a construction site?
Answers (1)
What Are Some Scary Movies To Watch?
Answers (2)
Consider the following list of accounts: Cash Retained Earnings Service Revenue Utilities Expense Salaries Expense Accounts Receivable Accounts Payable Common Stock Equipment Dividends How many of these accounts have a normal debit balance?
Answers (1)
New Questions in Business
In which year were tobacco commercials banned from network television in the united states?
No Answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.
Answers (1)
Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.
Answers (1)
Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.
Answers (1)
An Insurance company is a business in which it pays to the company if there is a loss, damage, treatments or injury for the payment of premium amount. It calculates the risks that has occurred and pays to compensate the premium amount.
Answers (1)
Home » Business » If a firm successfully differentiates its product from other products in the market, then we should expect the elasticity of demand for the differentiated product to become: A. more inelastic B. more elastic C.
Sign Up Forgot Password?