5 ms·
1) You’re assuming there’s no profit to be made 2) Profit is implicitly embedded in the elasticity curve
by senorrib 8mo ago
1) You’re assuming there’s no profit to be made
2) Profit is implicitly embedded in the elasticity curve
- nosianu 8mo ago1) No, please learn to read and to comprehend. I wrote > Isn't the only thing that could matter ... if the margins are big enough 2) No, the standard price elasticity of demand curve does not directly include profits. It primarily models the relationship between price and quantity demanded.