Skip navigation

Real world elasticities

Real world elasticities: Managerial Economics
Real world elasticities: Managerial Economics

In the real world, price elasticities depend on many factors. As a rule of thumb, you have a done a good job if the price elasticity of your product is closer to zero than highly negative. It means that your customers are rather loyal to your product and service and that you are able to charge a better price.

Resume Transcript Auto-Scroll
Skill Level Intermediate
1h 20m
Duration
95,683
Views
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 My Free Month

Start your free month on LinkedIn Learning, which now features 100% of Lynda.com courses. Develop in-demand skills with access to thousands of expert-led courses on business, tech and creative topics.

Start My Free Month

You are now leaving Lynda.com and will be automatically redirected to LinkedIn Learning to start your free trial.

To access Lynda courses again, please sign up for a free trial on LinkedIn Learning, which features all the same courses you know and love.

We will automatically redirect you to LinkedIn Learning now.