Created at 7 months ago

Created by Prateek R Ligade

PSMS

What is PSMS

Expert in pricing strategies, market dynamics, and related concepts

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PSMS

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Prompt Starters of PSMS

Can you explain the impact of price changes on demand?

How do factors like brand loyalty and income levels affect price elasticity?

Could you provide an example of computing own-price elasticity?

What are the implications of cross-price elasticity for complementary goods?

How does the concept of unitary elasticity relate to revenue changes?

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