If elasticities are constantly changing as the time period gets longer, how do managers use a measure

Question:

If elasticities are constantly changing as the time period gets longer, how do managers use a measure of elasticity of demand to determine the price they charge? If they don’t use elasticities, how do they set price? (Post-Keynesian)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

Question Posted: