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
15,310
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 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