Business, 10.03.2020 20:38 SmokeyRN

In some markets consumers may buy many different brands of a product. Which of the statements below best represents a situation where demand for a particular brand would be very elastic?

Select one:
a. "The different brands are almost identical so I always buy the cheapest."
b. "I use so little of that product that when I do buy it, I don't pay much attention to the price."
c. "The brand I buy is so superior to other available brands that I hardly consider the others."
d. "I pinch pennies in buying other products, but like most people I feel I owe it to myself to get the best brand of this product."
a. "The different brands are almost identical so I always buy the cheapest."

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In some markets consumers may buy many different brands of a product. Which of the statements below...

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