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    price sensitivity

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    Explain why the prices and price-cost margins (i.e., Lerner indexes) are different in each market; in particular, explain how the price sensitivity in each market relates to the price level.

    Please see attached files, and my working model, may be helpful.

    © BrainMass Inc. brainmass.com October 9, 2019, 4:41 pm ad1c9bdddf
    https://brainmass.com/economics/price-levels/price-sensitivity-38913

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    Accentuate price sensitivity.

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