aj Hotels, Infosys) Can you think of an example from the firm chosen that reflects the application of price elasticity in revenue decisions? Justify
Taj Hotels, Infosys) Can you think of an example from the firm chosen that reflects the application of
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Taj Hotels, Infosys) Can you think of an example from the firm chosen that reflects the application of price elasticity in revenue decisions? Justify
Price Elasticity of Demand:- Price elasticity of demand represents the effect of change in price lead to a change in the demand .
Taj Hotels which works in the hospitality sector so, the "Taj Hotels" reflects the applications of price elasticity which means that as price of room charges increases this will lead to decrease in the demand where as the decrease in the room price will lead to an increase in the demand of room.
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