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    Effects of price elasticity of demand

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    How does the price elasticity of demand affect a firm's pricing decisions?

    © BrainMass Inc. brainmass.com March 4, 2021, 5:57 pm ad1c9bdddf
    https://brainmass.com/economics/demand-supply/effects-of-price-elasticity-of-demand-20707

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    Products that have few good substitutes generally have a lower elasticity of demand than products with many substitutes. As a result, ...

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