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__________ is greater when the item is a luxury good rather than a necessity, when many substitutes are available, or when the purchase is a relatively big one. Place sensitivity Product sensitivity Promotion sensitivity Price sensitivity

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henrydesanta

Answer:

the correct answer is Price sensitivity

Explanation:

The price sensitivity refers to the amount that the demand will vary depending on a percentage change in the price of a commodity. If the elasticity is higher, then the demand will either increase or decrease in a much greater amount than the percentage change in the price and vice versa.

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