How would you respond to the price increase


Discussion Post

Assume that you recently made a purchase on Amazon. The next time you go to purchase this item, let's say you find out that the price has increased by X dollars. How would you respond to this price increase? Would you say this item is Relatively Elastic, Relatively Inelastic, or Unitary Elastic? Explain using the Determinants of the Price Elasticity of Demand (see page 83). Think about how the increasing popularity of shopping online impacts your response.

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

Solution Preview :

Prepared by a verified Expert
Marketing Management: How would you respond to the price increase
Reference No:- TGS03105440

Now Priced at $25 (50% Discount)

Recommended (98%)

Rated (4.3/5)