Consumers Digest

Is the demand for Readers digest price elastic?

is the demand for reder's digest price elastic and if the price rises what will be the effect of consumers.

Public Comments

1. Micro. I can guess "elasticity" fairly well by the type of product it is. Readers digest is PRICE ELASTIC. Theres lots of substitute goods, plus its also a luxury item. If price rises, demand for readers digest will go down. Less sales, Less Total Revenue