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July 6, 2025

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

Economics for Managers ECO 6301 Unit II

This unit’s readings include 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.

Your initial post should be at least 300 words in length.

Your initial post should include at least one APA-formatted scholarly, professional, or textbook reference with accompanying in-text citation to support any paraphrased, summarized, or quoted material.

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