Which statement gives an example of a price-sensitive good?

1 answer:

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The correct answer is B "The price of chocolate has gone up and sales are down". Price sensitivity is the effect the price of a product causes in its demand towards consumers. It is also called price elasticity of demand. A simple example is when the price of a good goes up, its sales go down. It means the consumers are not willing to pay more for that product. This is the case of option B. The price of chocolate increased and made the sales decrease.

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B) It was a center for fine book production. More specifically manuscripts, because the books were made by hand, with high quality calligraphy, and were decorated with drawings and paintings.

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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4. Our economy is primarily characterized by...

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Answer: i believe its d because they had a lot of labor abundant and productive.

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B) Keep our biases from limiting our solutions.

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