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Commerce Short Question | Gkseries

Q.

For the success of the penetration price policy, which one of the following is not desirable ?

[A] Short-run demand for the product to have elasticity greater than unity.
[B] Availability of economies of large scale production.
[C] Product to have very low cross-elasticity of demand
[D] Easy acceptance and adoption of the product by the consumers.
Answer & Explanation

Answer: Product to have very low cross-elasticity of demand

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