Kayyyy6643 Kayyyy6643

21-02-2020
Business

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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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imustapha180 imustapha180

23-02-2020

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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