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12th Class Business Studies Marketing Question Bank MCQs - Marketing Management

  • question_answer
    Utility and demand is an important factor for determining price of a commodity. If the demand is elastic, price should be set a ...... level and if the demand is less elastic or inelastic, price should be set at a ......... level.

    A) Higher, Lower                

    B) Lower, Higher

    C) Lover, Minimum            

    D) Minimum, Lower

    Correct Answer: B

    Solution :

    [b]


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