Explain the relationship between the price elasticity of demand for these products or services and the level of competition. Why is this price elasticity likely to be important to this firm or organisation?

Consider the products or services of the firm or organisation that you work for, or those of another firm/organisation with which you are familiar.
Please the company will be ooredoo Oman and you will get more information in the website
www.ooredoo.om
1. Explain the relationship between the price elasticity of demand for these products or services and the level of competition. Why is this price elasticity likely to be important to this firm or organisation?
2. For this firm or organisation, explain how you would estimate the price and income elasticity of demand and how these estimates may inform decision-making.

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