price senstivity is highest for which product
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Explanation:
customers seeking top-quality goods are typically less price-sensitive than bargain hunters; so, they're willing to pay more for a high-quality product. By contrast, people who are more sensitive to price may be willing to sacrifice quality.
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Answer:
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Explanation:
Price sensitivity is very much determined by the product or service you're selling and the industry you're in: the price elasticity for milk is naturally higher than it is for consumer electronics.
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