The demand for gold toe socks is likely to be more elastic than the demand for power tools because:

answer; (a) calling people who have not shown interest in the product and asking them to buy it;

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it