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Based on the outcome of the simulation, explain how price elasticity can impact pricing decisions and total revenue of the firm. SELLER Order Book >

Based on the outcome of the simulation, explain how price elasticity can impact pricing decisions and total revenue of the firm.

SELLER Order Book > $3.00 Cost $2.25 $1.44 Oranges undefined/3 Earnings $0.00 $1.50 O O 10.75 0:17 0:34 0:51 1:08 BIDS ASKS Profit $1.31 $1.52 $1.20 $1.62 $1.15 $2.53 ASK or Sell at Highest Bid

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