QUESTION ONE [20] Explain the type of pricing strategy that you as the manager of a company would implement for Good X and Good Y with the following price elasticity of demand co efficients. Use diagrams to motivate your answer. a). Good X: 2.3 (10) b). Good Y: 0.6 (10)
QUESTION ONE [20] Explain the type of pricing strategy that you as the manager of a company would implement for Good X and Good Y with the following price elasticity of demand co efficients. Use diagrams to motivate your answer. a). Good X: 2.3 (10) b). Good Y: 0.6 (10)