Elasticity of demand is important to marketers because it helps them know the optimal price for the product. When a product is priced too high, the consumers may opt for a competitor's product.
price elasticity of demand is the degree of responsiveness of demand where by change in price of a commodity bring proportionate change in quantity demanded.
WOULD YOU LIKE TO EXPLAIN WHAT IS LARGE CROP YIELDS
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
Bonda bajji ladu gobimanchuri samosa
A. Explain whether demand would tend to be more or less elastic for each of the following three determinants of elasticity demand.1. Availability of substitute goods2. Share of consumer income devoted to a good3. Consumer's time horizon
price elasticity of demand is the degree of responsiveness of demand where by change in price of a commodity bring proportionate change in quantity demanded.
Q. Explain how a such as GE might be classified by sum business marketers as a user customer but by other an OEM customer
answer me the question please. The U.A.E. population is becoming increasingly diverse. Explain how could this phenomenon be a threat as well as an opportunity for marketers?
Commodity money is a good that can be used as a medium of exchange or for some other purpose.
formula for the arc elasticity of demand
WOULD YOU LIKE TO EXPLAIN WHAT IS LARGE CROP YIELDS
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
with example explain the concept of of elasticity of supply and interpretating the result graphical and descuse the relationship between price elasticity and suppliers total revenue
The concept of elasticity is a physical property because force can mutate a physical item and then when that force is removed and elastic object returns to its original form.æ Using elasticity to explain non physical phenonmena is a misnomer.
When you have less income you tend to consume less.
Heap
This is a statement and clearly for school.