Asked by manyun zhang on Sep 24, 2024
Verified
A local restaurant increases the prices on its burgers as soon as it begins a promotional campaign.Which of the following is most likely to be true?
A) The promotional campaign featured how much better their burgers are
B) The promotional campaign focused on the value per dollar
C) The promotional campaign made demand more elastic
D) All of the above
Promotional Campaign
A planned series of activities designed to advertise and create awareness or interest in a product or service.
More Elastic
Describes a situation where a product or service's demand is more sensitive to changes in price, indicating that consumers are more likely to react to price variations.
- Understand the relationship between promotional efforts and demand elasticity for products.
Verified Answer
AA
Aqsa afzal abbasi 2018-br-483 days ago
Final Answer :
A
Explanation :
The promotional campaign likely highlighted the quality or uniqueness of their burgers, justifying the price increase by emphasizing how much better their burgers are compared to competitors.
Learning Objectives
- Understand the relationship between promotional efforts and demand elasticity for products.
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