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Paradox of positive elasticity

Paradox of positive elasticity: Managerial Economics
Paradox of positive elasticity: Managerial Economics

While price elasticities are typically negative, there are some notable exceptions which decision makers need to be aware of. For example, when you increase price and experience an increase in demand - and vice versa. Executives and entrepreneurs need to understand these paradoxes to capitalize on.

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Skill Level Intermediate
1h 20m
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