Thursday, September 25, 2014

Elasticity & Amazon.com

Most people know that Amazon.com has been in a price war with independent book dealers, but according to their blog and this article it's all about elasticity.  Make the price too high and people will not purchase as many books.  Lower the price and book sales go up.  It might make for an interesting article to show your students to make what they are learning more relevant. 

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