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natta225 [31]
3 years ago
8

Consider firms that introduce new​ products, such as DVDs in 2001. When firms introduce new​ products, how do they typically det

ermine the price elasticity of demand for those​ products? Firms with new products often A. guess price elasticity of demand based on market competition. B. identify price elasticity of demand by asking for government assistance. C. identify price elasticity of demand by using price controls to set price floors. D. estimate price elasticity of demand by experimenting with different prices. E. approximate price elasticity of demand with market signals such as surpluses.
Business
1 answer:
lyudmila [28]3 years ago
5 0

Answer:

D. estimate price elasticity of demand by experimenting with different prices.

Explanation:

Price elasticity of demand is an economic concept which is a measure of the sensitivity of customers willingness to buy something to its price. If the customers readily change their buying behavior with a change in price of the product, it would mean that the demand for the product is elastic.

When firms are introducing new products, they generally determine the best selling price by experimenting with different prices and observing the buying behavior of customers. Then the choose the price which produces the maximum amount of revenue for the firm, which entails the price of the product and number of units sold.

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Alex73 [517]

Answer:

e. a road map for the marketing activities of an organization for a specified future time period, such as one year or five years.

Explanation:

A company's marketing plan generally involves specific periods of time, and usually last more than one year, but they aren't long enough to be considered as long term goals (more than 5 years). They follow the company's marketing strategies (long term goals), coordinate marketing activities and set short term goals.

5 0
3 years ago
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alexandr402 [8]
Which of the following is an example of irregular income?
A. A full-time job
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8 0
3 years ago
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All standalone pdp formularies have a ___-tier structure for 2022.
Mekhanik [1.2K]

All standalone PDP formularies have a Five-tier structure for 2022.

This is based on the regulations laid down by the Centers for Medicare & Medicaid Services (CMS).

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Learn more here: brainly.com/question/17043850

4 0
2 years ago
osie Dry Cleaning was started on January 1, Year 1. It experienced the following events during its first two years of operation:
neonofarm [45]

Answer:

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Explanation:

The Bad Debt Expense         $45,000*1%=$450

The journal entry will be

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Account Receivable  Cr.$450

6 0
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