Price elasticity of demand can have a significant effect on your business’spricing strategy. If you operate in an industry where demand for your product is elastic, you’ll have to find the sweet spot that balances price and demand to maximize your bottom line. Finding this balance may take...
elasticity“弹性”,是衡量在其他条件不变的情况下,一变量对另一变量变化数量的反应程度。demand curve“需求曲线”,是描述价格与需求量之间关系的曲线。price elasticity of demand“需求的价格弹性”,是指一种商品的需求量对这种商品价格变化程度的衡量指标。故本题选D项。 知识模块:金融英语业务知识...
Price elasticity is one of the most fundamental, essential economic concepts any business owner or sales professional needs to understand. Having a pulse on the price elasticity of your offerings is central toforecastingeffectively, structuring a sound pricing strategy, and building a responsive, succes...
Price Elasticity of Demand (PED) divides the change in demand of a product by its price, which helps inform pricing strategies.
百度试题 题目Cross-price elasticity of demand measures how ___.相关知识点: 试题来源: 解析 the quantity demanded of one good changes in response to a change in the price of another good 反馈 收藏
The price elasticity of supply measures how responsive A、sellers are to a change in price. B、sellers are to a change in buyers 'income. C、buyers are to a change in production costs. D、equilibrium price is to a change in supply. 点击查看答案&解析手机看题 你可能感兴趣的试题 单项选择...
To find an item's PES, you need to know the percent change in quantity supplied and the percent change in its price. PES=%CS÷%CPwhere:PES=Price elasticity of supplyCS=Change in supplyCP=Change in pricePES=%CS÷%CPwhere:PES=Price elasticity of supplyCS=Change in supplyCP=Change in...
Unit10.HowtoSetaPriceonaProduct HowtoSetaPriceonaProduct Priceisoneofthemostimportantmarketingvariablesinthemarketingmix.Generallyspeaking,settingtherightpriceonaproductisafour-stepprocess(seeexhibitbelow):（SeeP176)1.Establishpricinggoals.2.EstimateDemand,Costs,andProfits3.ChooseapriceStrategytohelpdetermineabase...
Price Elasticity of Supply Price elasticity of supplymeasures the responsiveness to the supply of a good or service after a change in its market price. According to basic economic theory, the supply of a good will increase when its price rises. Conversely, the supply of a good will decrease ...
Refer to the figure below. At P = 4, how does the price elasticity of demand for D1 compare to that for D2? A.It will be greater for D1 than for D2. B.It will be lower for D1 than D2. C.The price elasticity of demand for both D1 and D2 will be greater than one. D...