Economics for the Global Manager Price elasticity of demand measures a consumer's sensitivity to changes or differences in the price of a good what is an example of 2 products with different price elasticities of demand? How can firms use information about the price elasticity of demand to their advantage?

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An example of two products with different price elasticities of demand are gasoline and salt 1 Gasoline typically has an inelastic demand because it i... View the full answer