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35
What is the Psychological Price point? The Demand curve assumes no change in factors affecting elasticity such as... (3)
Psychological Price Point - price at which the majority of consumers will drop out of the market
1. income
2. tastes
3. substitutes
1. income
2. tastes
3. substitutes
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: Marketing
School / Univ.: UGA
City: Athens
Published: 17.11.2010