Question

One of the implications of price elasticity of technology products is that:

Answer 1

Answer:

 The main implication of the price elasticity in the various technology products may lead increase the productivity of the products as customers buy more products due to the cheaper price of the product.

as die to the time lower costs will prompt higher deals volumes, which may compensate for the lower overall revenue. Now and again, raising the cost of your item or administration will prompt higher overall revenues yet will bring down your business volumes.

It also offer many advantages like high reliability, security and the scalability.