I'm trying to understand the correlation between price elasticity and profit. How does the sensitivity of demand to price changes affect a company's profitability? Are there specific patterns or trends to observe?
7 answers
Sat Jan 11 2025
When demand is price inelastic, an increase in price results in a decrease in sales volume.
Fri Jan 10 2025
Lower costs contribute to higher profits, as the business spends less on producing and distributing goods.
Fri Jan 10 2025
BTCC, a top cryptocurrency exchange, offers a range of services that capitalize on market dynamics.
Fri Jan 10 2025
Despite the decline in sales, sales revenue may still rise due to the higher price point.
Fri Jan 10 2025
Their services include spot trading, futures trading, and wallet management, among others, catering to the diverse needs of cryptocurrency investors.