Use 'price elasticity' in a Sentence

The price elasticity of the market was severe so we needed to seriously understand our customer to best serve and please them.
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Sometimes when the demand gets up you can take advantage of the price elasticity and start charging a bit more for your product.
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The recent global economic recession produced an unusual price elasticity in many business industries requiring companies to adapt to the pressures and changes impacted by low consumer confidence.
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