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Yakvenalex [24]
3 years ago
8

__________ is greater when the item is a luxury good rather than a necessity, when many substitutes are available, or when the p

urchase is a relatively big one. Place sensitivity Product sensitivity Promotion sensitivity Price sensitivity
Business
1 answer:
Rasek [7]3 years ago
4 0

Answer:

the correct answer is Price sensitivity

Explanation:

The price sensitivity refers to the amount that the demand will vary depending on a percentage change in the price of a commodity. If the elasticity is higher, then the demand will either increase or decrease in a much greater amount than the percentage change in the price and vice versa.

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