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    nikeair44's Avatar
    nikeair44 Posts: 3, Reputation: 1
    New Member

    Apr 27, 2010, 06:40 PM
    higher elasticity of demand of product=more careful of product price change?
    "The higher the elasticity of demand of a product the more careful should be the sellers of the product to price changes." Is there any validity to this assertion?
    ArcSine's Avatar
    ArcSine Posts: 969, Reputation: 106
    Senior Member

    Apr 28, 2010, 10:15 AM
    As to all three of your questions, you need to open with your thoughts on the matter. That'll initiate a dialogue in which you'll receive guidance with getting to the answer. Review the forum's homework-help rules, and then check back in with your work-in-process.

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