Assertion: price elasticity | /r/HasProperty | important concept
Facets:
Source sentences:
text: If you already have a pricing strategy, price elasticity of demand is an important concept to consider before raising or lowering the price of your goods or services.
text: We’ve already hinted at why price elasticity is important for both businesses and consumers.
text: Overall, price elasticity should be an important consideration when developing your product and marketing strategies, in addition to being a basic building block behind your pricing.