luiscastrocas915 luiscastrocas915

24-01-2024
Business

contestada

Knowing the price elasticity of demand is important in business because it allows a manager to determine whether:
1) the demand for the product is elastic or inelastic
2) the price of the product should be increased or decreased
3) the product is in high demand or low demand
4) the product is a luxury or a necessity

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