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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?


To: John Cuthbertson who wrote (24469)11/16/2001 6:02:00 PM
From: KyrosL  Read Replies (1) | Respond to of 29987
 
Yea, sorry, I meant to say that the apparent elasticity of demand for G* voice service is less than one. To be precise, if price drops by a certain percent, demand increases by less than that percent. So, you get less revenues, if you drop the price. Exactly the opposite of Maurice's theory. Maybe that's why G* is so reluctant to drop the price.