Q.

Point elasticity of demand can be useful in which of the following cases

A. A departmental store is thinking of increasing the price of gift packs
B. A service station is considering to lower the service charges
C. A health club is considering to lower the monthly membership fee
D. An airlines company is considering to lower holiday packages
Answer» C. A health club is considering to lower the monthly membership fee
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Fundamentals of Economics and Management

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