Price Elasticity Term Paper by ResearchRiter
Price Elasticity
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Description:
The paper considers when it would be advantageous to sell a product with a high level of price elasticity. The paper includes one graph.
From the Paper:
"When a product has a high elasticity of demand, a small change in price leads to a large change in the quantity demanded. When companies sell items whose costs increase over time, changing the price to accommodate those cost increases may result in a loss of market share and of total revenue, if there is a significant loss of sales due to price elasticity. A company that sells a product with high price elasticity at a time when it can reduce its costs and pass that..."Cite this Term Paper:
APA Format
Price Elasticity (2008, December 01)
Retrieved July 05, 2022, from https://www.academon.com/term-paper/price-elasticity-125184/
MLA Format
"Price Elasticity" 01 December 2008.
Web. 05 July. 2022. <https://www.academon.com/term-paper/price-elasticity-125184/>