I sell [product] at
[price], considering
a change. Explain
elasticity practically,
are my customers
sensitive, how to test.

Use Elasticity to Set a Price

Whether your customers will actually walk if you raise the price.

Prompt

I sell [product] at [price] and I'm considering changing it. Explain price elasticity in practical terms, help me reason about whether my customers are sensitive, and describe a cheap way to test before committing.