Discuss the importance of considering elasticity in pricing decisions and the danger of relying solely on costs.

This unit’s readings included information on pricing. You are introduced to the shutdown price, using elasticity to determine the effects of price changes, and cost-based pricing. Discuss the importance of considering elasticity in pricing decisions and the danger of relying solely on costs.

-Due Tonight at 12am EST. If you cannot complete it by then, please do not waste my time.