{"id":52289,"date":"2017-08-09t11:01:41","date_gmt":"2017-08-09t15:01:41","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=52289"},"modified":"2024-08-14t09:30:30","modified_gmt":"2024-08-14t13:30:30","slug":"demand-affects-pricing","status":"publish","type":"post","link":"\/\/www.g005e.com\/2017\/08\/09\/demand-affects-pricing\/","title":{"rendered":"how demand affects pricing"},"content":{"rendered":"

\"word<\/a>one word: elasticity.
\n<\/strong><\/p>\n

by august j. aquila<\/i>
\nprice it right<\/i><\/a><\/p>\n

economists define demand<\/strong> as a schedule of the various amounts of an item (a good or service) that buyers will purchase at different price ranges during a given time period.<\/p>\n

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according to the theory of price elasticity of demand, there is an inverse relationship between price and the quantity of an item bought. in other words, as the price of a service decreases, the quantity demanded increases and as the price of a service increases, the quantity demanded decreases.
\n read more →<\/a><\/p>\n