Explain What Is Ramsay Pricing?

1.	Explain What Is Ramsay Pricing?
Answer» It ASSIGNS COSTS based on the price elasticity of DEMAND. Yet higher the elasticity (elastic), the lower the charge of FIXED costs when allocated amongst products. It assigns costs based on the price elasticity of demand. Yet higher the elasticity (elastic), the lower the charge of fixed costs when allocated amongst products.

Answer»

It ASSIGNS COSTS based on the price elasticity of DEMAND. Yet higher the elasticity (elastic), the lower the charge of FIXED costs when allocated amongst products.

It assigns costs based on the price elasticity of demand. Yet higher the elasticity (elastic), the lower the charge of fixed costs when allocated amongst products.

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Explain What Is Ramsay Pricing?

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