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Some goods are price elastic and some aren't. All Steam Sales have proven is that lowering prices of video games -over time- leads to a larger total profit. Y
by wavefunction 12y ago
Some goods are price elastic and some aren't. All Steam Sales have proven is that lowering prices of video games -over time- leads to a larger total profit. You shouldn't try to apply one item's price elasticity to another, especially since it is also highly dependent on the buying audience.