Explain why you should never price in the inelastic part of your demand curve please consider total

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Explain why you should never price in the inelastic part of your demand curve please consider total revenue price and costs in your response.

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Apr 09, 2024 03:12 AM

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Explain why you should never price in the inelastic part of your demand curve please consider total

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Expert Answer:

When considering pricing strategies it is generally not advisable to solely focus on the inelastic part of the demand curve The reason for this is that the inelastic portion of the demand curve repres... View the full answer

Microeconomics An Intuitive Approach with Calculus

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