Elasticity
Fundamental analysisHow much demand changes when price changes.
In plain terms
Low elasticity means you can raise prices and keep the customer. That is pricing power in one word.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 1 term
How much demand changes when price changes.
Low elasticity means you can raise prices and keep the customer. That is pricing power in one word.