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) The X-L Corporation has noticed that small changes in the price charged for its product produces significant changes in quantity demanded. The firm...

37.) The X-L Corporation has noticed that small changes in the price charged for its product produces significant changes in quantity demanded. The firm faces:

 

a.) substitute demand.

 

b.) inelastic demand.

 

c.) cross elastic demand.

 

d.) virtual demand.

 

e.) elastic demand.



42.) The X-L Corporation's product is very complex. In order to generate the greatest amount of sales, the firm is most likely to emphasize:

 

a.) advertising.

 

b.) sales promotion.

 

c.) public relations.

 

d.) personal selling.

 

e.) direct marketing.

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