In fairness, the pricing strategy is in line with those at other luxury brands; the elastic price band for Porsche's entry-level sports car, the Boxster, comes to mind.
We especially see that in the hot summer months of July and August, an increase in price of electricity will lead to consumers changing (reducing) their electricity consumption (air conditioning, in particular), thus creating the more elastic price demand.
The price sensitivity of this segment (are they largely price elastic or price inelastic?).
Demand was price inelastic, except in the case of meeting the UK government's recommended level of participation, which is time price elastic (elasticity = −2.2).
For starters, Linux is free, so device manufacturers don't have to factor the OS into the cost of their systems, which by nature are not very elastic in price.
Demand is elastic and price dependent.
The customer demand is elastic and price dependent, customer utility function is based on the Hoteling model and the chains produce identical or highly substitutable products.
Compared to unweighted averages obtained with full samples in Table 2, averages at the 50th percentile are smaller (less elastic) for prices by about 15-20% and smaller for income by 10-20%.
Pearls are now a major ingredient in jewelry, with very elastic consumer price ranges covering all jewelry segments, including fashion accessories, basic designs for the mass market, designer jewelry, fine jewelry brands and haute couture masterpieces.
