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Price elasticity of demand
Journal: Business Education in the Knowledge Economy (Vol.5, No. 1)Publication Date: 2019-02-01
Authors : Sokovets Olga; Petrushina Ekaterina;
Page : 69-71
Keywords : demand; elasticity; goods; price; restaurant busines;
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Abstract
This article deals with theprice elasticity of demand, its relevance in restaurant sphere. Analyzed the factors which influence on price elasticity of demand. Identified correlation between the mark-up for a certain position in the menu and the sales volume of the product.
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Last modified: 2019-03-05 11:48:37