Determine price elasticity of demand for your product

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Question: A marketing executive once said, "If the price elasticity of demand for your product is inelastic, then your price is probably too low." What is this executive saying in terms of the economic principles discussed in this chapter? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131866164

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