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Elastic Demand - Products are considered to exist in a market that exhibits elastic demand when a certain percentage change in price results in a larger and opposite percentage change in demand.
High-Price Strategy a planned approach to pricing, appropriate in situations of inelastic demand, in which an organisation decides to keep its prices high; reasons for such a strategy might include a growing super-premium segment of the market, ...
 See also: Pricing, Customer, Demand, Market, Price
  
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