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May 17, 2015 6:53 pm at 6:53 pm
#1145066
☕️coffee addict
Participant
thank you dy,
in other words if a company can charge a higher price and the demand stays the same (or drops a little) the group that the company is in is demand inelastic (i learned micro and macro economics) and therefore is a price setter, because demand barely changes (which is what happened with the airline companies)