Economy, asked by basayflorenda4, 4 months ago

Why elasticity analysis is important among managerial economists?

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Answered by Anonymous

Answer:

Elasticity is an important economic measure, particularly for the sellers of goods or services, because it indicates how much of a good or service buyers consume when the price changes. When a product is elastic, a change in price quickly results in a change in the quantity demanded.Apr 3, 2020

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