Commerce Short Question | Gkseries

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Question

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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