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The Use of Price Elasticity in Profit Maximisation
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Consumer Behavior Articles research papers
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This 10 page paper considers the use and calculation of elasticity measures when determining price and profit. Elasticity of price on demand and supply are examined. Influencing factors and examples are given to illustrate these variant determinants clearly. The paper then goes on to discuss the correct usage of elasticity and how maximisation of profits may be aided by increases or decreases in price. The paper cites 8 sources.
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Pages:
10
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Filename:TS14_TEelasti.wps |
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Paper Title:
The Use of Price Elasticity in Profit Maximisation
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