. Discuss the importance of considering elasticity in pricing decisions and the danger of relying solely on costs.

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. Discuss the importance of considering elasticity in pricing decisions and the danger of relying solely on costs.

You are introduced to the shutdown price using elasticity to determine the effects of price changes and cost-based pricing. Discuss the importance of considering elasticity in pricing decisions and the danger of relying solely on costs.

 

You are introduced to the shutdown price using elasticity to determine the effects of price changes and cost-based pricing. Discuss the importance of considering elasticity in pricing decisions and the danger of relying solely on costs.