Assertion: elasticity | /r/HasProperty | low
Facets:
value: very
type: DEGREE
Source sentences:
text: Alternatively, if a company is losing money on a good whose elasticity of demand is very low, it knows that decreasing the price will not increase sales; decreasing prices would only exaggerate the company's losses.
text: If elasticity is low, a price decrease will cause a slight increase in demand.
text: And if large price decreases are needed to cause any increase in demand, elasticity of price is low.