Skip navigation

Price elasticity

Price elasticity: Managerial Economics
Price elasticity: Managerial Economics

Price elasticity describes how much the demand for a product or a service changes, if its price changes. Most entrepreneurs and executives want to charge the highest possible price for their product and service, without losing too many customers. Without knowing or at least assuming a price elasticity, you can never find the best price for your service and product.

Resume Transcript Auto-Scroll
Skill Level Intermediate
1h 20m
Show More Show Less
Skills covered in this course
Business Accounting Management Leadership

Continue Assessment

You started this assessment previously and didn't complete it. You can pick up where you left off, or start over.

Start Your Free Trial Now

Start your free trial now, and begin learning software, business and creative skills—anytime, anywhere—with video instruction from recognized industry experts.

Start Your Free Trial Now