How could you reduce price elasticity?

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How could you reduce price elasticity?

2007-12-06 06:13:21 · 2 answers · asked by Curiousity killed the cat 5 in Business & Finance ➔ Other - Business & Finance

Well, why answer then?

2007-12-06 06:34:17 · update #1

2 answers

"Elasticity" means the price responds to changes in supply & demand ..

One way to 'fix' prices is to reduce the slope of the supply curve .. in other words make supply less responsive to price .. a flat supply curve = fixed prices ..

The other way is to reduce the slope of the demand curve ..

2007-12-09 19:34:05 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋

sorry, don't understand your question...

2007-12-06 06:20:26 · answer #2 · answered by essdee 4 · 0⤊ 0⤋