Failure to understand elasticities can lead to expensive, Microeconomics

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Failure to understand elasticities can lead to expensive

Failure to understand elasticities can lead to expensive mistakes by business managers in making important business decisions. Discuss this statement by referring to any one of the concepts of elasticity with suitable examples (price elasticity of demand, income elasticity of demand or cross elasticity of demand.)

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Microeconomics: Failure to understand elasticities can lead to expensive

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