Question: Read- https://www.practicalecommerce.com/optimize-dtc-profits-with-price-elasticity-analysis -and- https://www.practicalecommerce.com/the-full-cost-of-a-direct-to-consumer-product Question: Discuss how the concepts of price elasticity of demand and production costs help firms set their selling prices.

Read- https://www.practicalecommerce.com/optimize-dtc-profits-with-price-elasticity-analysis -and- https://www.practicalecommerce.com/the-full-cost-of-a-direct-to-consumer-product Question: Discuss how the concepts of price elasticity of demand and production costs help firms set their selling prices.

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