O'Reilly logo

Microsoft Excel 2013: Data Analysis and Business Modeling by Wayne L. Winston

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 83. Estimating a demand curve

Questions answered in this chapter:

  • What do I need to know to price a product?

  • What is the meaning of elasticity of demand?

  • Is there any easy way to estimate a demand curve?

  • What does a demand curve tell us about a customer’s willingness to pay for our product?

Every business must determine a price for each of its products. Pricing a product properly is difficult. Chapter 84 and Chapter 85 describe some simple models that might aid you in pricing a product to maximize profitability. For further insights into pricing, refer to the excellent book, Power Pricing, by Robert J. Dolan and Hermann Simon (Free Press, 1997).

Answers to this chapter’s questions

This section provides the answers to the questions that are listed ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required