Which statement is true?
A)Over time demand tends to become less elastic.
B)The demand for cigarettes is very elastic.
C)Advertisers try to make the demand for their products less elastic.
D)None of these statements are true.

Question

Quizplus · Accepted Answer

Advertisers aim to make the demand for their products less elastic by differentiating their products and creating brand loyalty. This makes consumers less sensitive to price changes, as they may prefer a specific brand over others regardless of price differences.

Which Statement Is True