Product variation refers to / » Micro economics 2 solved MCQs / By admin Question: Product variation refers to A. an activity undertaken by a firm to increase demand B. a problem with quality control that tends to decrease demand C. an activity undertaken by a firm to make demand more price inelastic D. None of the above Answer» a. an activity undertaken by a firm to increase demand Note: The above multiple-choice question is for all general and Competitive Exams in India.