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In micro economics theory they call this price elasticity where you try lowering the price to see how much more customers buy and you plot that to a graph calcu
by z3t4 2mo ago
In micro economics theory they call this price elasticity where you try lowering the price to see how much more customers buy and you plot that to a graph calculator to get a curve and the bend on the curve is the price elasticity. Then you can calculate the optimal price to maximize sales.
- amelius 2mo agoBut you want to maximize profit, not sales.
- kingleopold 2mo ago"your margin is my opportunity".