2. Economics
3. managers should include price elasticity of demand in their decision...

# Question: managers should include price elasticity of demand in their decision...

###### Question details

Managers should include price elasticity of demand in their decision making because

a. price elasticity of demand indicates how total revenue is going to change based on a change in price

b. price elasticity of demand immediately predicts profit changes when changing prices.

c. when price elasticity of demand approaches 0, profit is minimized, regardless of a change in price.

d. price elasticity of demand indicates directly how supply should change given a change in price.