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Question
NARRBEGIN: American Girl DollAmerican Girl Doll
The American Girl catalog began as a concept to introduce today's girls to girls who lived in the past. Each historically accurate doll is carefully crafted and dressed and has books to describe her life. For example, Kristen is an 1854 pioneer girl who is growing up in Minnesota. Her story begins with her long sea voyage from Sweden. The basic doll dressed in a calico dress and striped apron plus the hardcover story of how she got to Minnesota costs $90. Six more hardback books of Kristen's life are available for $74.95. Kristen's nightgown costs $20, and a matching one for the doll owner is an additional $38. Buy both together and the price is only $50. A hand-painted wooden bed and trunk for Kristen are available for $213. Shipping costs vary with the price of the merchandise ordered.
NARREND
Refer to the American Girl Doll. Based on the information in the narrative above, which of the following factors is most likely to affect the elasticity of demand for the doll?
a. the absence of substitutes
b. the existence of complementary products
c. the price relative to purchasing power
d. product durability
e. a variety of alternative uses for the product
Answer
This answer is hidden. It contains 66 characters.
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