The Economists' Approach to Pricing
{"Image DocumentName": "The Economists\u2019 Approach to Pricing", "Image ImageDescription": "Elasticity of Demand. The price elasticity of demand measures the degree to which the unit sales of a product or service are affected by a change in unit price. Economists\u2019 look at pricing by examining the price elasticity of demand for the good or service. The price elasticity of demand measures the degree of change in sales impacted by a change in price. Change in Price. versus. Change in Unit Sales.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}