Price Elasticity: The Concept That Gives Meaning to Change in Demand
Price elasticity is a very important concept in the world of economics and business. It helps businesses understand the impact of price changes on demand and shape their future decisions. Price flexibility is an indispensable tool both for understanding consumer behavior and for creating accurate pricing strategies.
What is Peice Elasticity?
Price elasticity refers to how changes in the price of a good or service are reflected in changes in the quantity demanded. The concept of price elasticity helps businesses and economists understand movements in markets and consumer behavior.
Tüm Hakları Saklıdır. 2025.
