If elasticities are constantly changing as the time period gets longer, how do managers use a measure
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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)
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In the PostKeynesian economic framework managers may consider elasticity of demand as one of the factors influencing their pricing decisions but the emphasis is often on realworld dynamic market condi...View the full answer
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