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4 August, 19:14

2. Among the following groups - senior executives, junior executives, and students - which is likely to have the most and which is likely to have the least price-elastic demand for membership in the Association of Business Professionals?

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  1. 4 August, 22:03
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    Answer: The group with the most price elastic demand: students

    The group with the least price elastic demand: senior executives

    Explanation: This is because seniors will tend to pay more price than students. Senior are more professional than other groups, so the association's reputation is more important for seniors.
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Home » Business » 2. Among the following groups - senior executives, junior executives, and students - which is likely to have the most and which is likely to have the least price-elastic demand for membership in the Association of Business Professionals?
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