Sentences with phrase «price elasticity increases»
The beauty of this is price elasticity increases total revenue for lower priced books, and promotion further adds to the effect.
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While we believe that current energy market fundamentals justify an oil price of $ 50 or above, we also note that productivity gains in US shale fields have increased the elasticity of supply from these critical swing producers, a factor that could cap any significant price appreciation.
the elasticity of product was strong last year as they worked through a price increase.
For example, an own price elasticity of − 0.9 for sugar sweetened drinks indicates that a 10 % increase in the price results in a 9 % lower consumption of such drinks, whereas a cross price elasticity of 0.2 between sugar sweetened drinks and milk indicates that a 10 % higher price of sugar sweetened drinks leads to milk consumption being higher by 2 %, implying that milk is a substitute for sugar sweetened drinks.
He added that in order to maintain high quality standards as well as to ensure elasticity in the supply chain, a «price increase is inevitable to cover costs and remain profitable.»
In economic theory, the term for the change in demand as the price of a product increases is the price elasticity of demand.
Regardless of one's estimate of the long - run supply elasticity of energy production, these trends will inhibit both price increases and quantity increases.
Almost all price elasticities are negative: an increase in price leads to lower demand, and vice versa.
Every increase in bitcoin's demand delivers a price increase since there is very little elasticity in bitcoin's supply, Weber said.
Created price elasticity and sales forecasting model that measures Sirius XM's delivery of program marketing initiatives which led to a 100 % increase in device sales over 6 months.
Analyzed the sensitivity of a proposed price increase across ~ 400 stores, using Microsoft Excel to calculate elasticity of demand and find optimal price, and Minitab to verify statistical significance of results