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Commerce · Q1207

Economics

Graduate and Post Graduate · Commerce · question 1207

Q1207

"Buyers are less price sensitive when they cannot easily compare the quality substitutes". Which of the following factors of price sensitivity is reflected from this statement?

A.
Substitute - awareness effect
Answer
B.
Unique value effect
C.
Price quality effect
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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