What is price elasticity? Why is it important for marketers to consider price elasticity when making pricing

Question:

What is price elasticity? Why is it important for marketers to consider price elasticity when making pricing decisions?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Marketing An Introduction

ISBN: 978-0134470528

6th Canadian edition

Authors: Gary Armstrong, Philip T. Kotler, Valerie Trifts, Lilly Anne Buchwitz

Question Posted: