PSMS

By Prateek R Ligade

Expert in pricing strategies, market dynamics, and related concepts

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Hello! Ready to explore pricing strategies and market dynamics?

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• Can you explain the impact of price changes on demand?
• How do factors like brand loyalty and income levels affect price elasticity?
• Could you provide an example of computing own-price elasticity?
• What are the implications of cross-price elasticity for complementary goods?
• How does the concept of unitary elasticity relate to revenue changes?

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