How luxury influence price elasticity of demand


What questions or comments do you have on determinant of price elasticity of demand referred to as luxuries versus necessities? Are goods/services manufactured by your workplace considered luxuries or necessities? Describe how would luxury versus necessity determinant influence price elasticity of demand for good or service?

Request for Solution File

Ask an Expert for Answer!!
Business Management: How luxury influence price elasticity of demand
Reference No:- TGS036469

Expected delivery within 24 Hours