Define demand price elasticity. Indicate how you would use (the administrator), the information of an investigation paid by your company according to which the absolute price elasticity of the demand of your product is 1.3 and not 0.6 as previously thought. In other words, would you recommend raising the prices of your product so that your company earns more revenue or not?

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Demand price elasticity also known as price elasticity of demand measures the responsiveness of the ... View the full answer