Refer to the following graphs to answer the next five questi…

Refer to the following graphs to answer the next five questions.a. b. c. d. e. Which of these graphs shows the price elasticity of demand for the following situation: Lin’s Boots can sell out its entire stock of shoe polish at $2.50 but can sell none if it raises the price to $2.55?

To determine the effect of word-of-mouth marketing, a compan…

To determine the effect of word-of-mouth marketing, a company surveys 20 customers with the question – How likely is it you would recommend our product to a friend? According to the result, 8 of the surveyed customers are promoters, 2 are detractors, and 10 are passives. What is the Net Promoter Score (NPS) for the company based on this result?