If consumers were largely indifferent to a $0.10 increase in the price of a gallon of milk,the rise can be said to fall within customers' ________.
A) price indifference band
B) price elasticity zone
C) price inelasticity range
D) coefficient of ambivalence
E) none of the above

Question

Quizplus · Accepted Answer

The term "price indifference band" refers to a range within which price changes do not significantly affect consumer demand, indicating indifference to small price changes.

If Consumers Were Largely Indifferent to a $0