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That could assume there was a linear realationship between price and demand. Possibly if you need to charge x% more then your sales might drop off almost entir
by t43562 2y ago
That could assume there was a linear realationship between price and demand.
Possibly if you need to charge x% more then your sales might drop off almost entirely as you raised your price to that level.
- ch4s3 2y agoObviously there are a lot of factors. The article points out that the plain East German style glasses were simply seen as uncool. I would also speculate that the company like many others from the GDR were heavily reliant on subsidies and ran rather inefficiently.