Kinnucan, Henry W.; Zheng, Yuqing - 2007
between advertising and the market demand elasticity that may prove useful in empirical research. In particular, we find that … demand elasticity has changed, and vice versa. Lastly, if the price level affects advertising's ability to shift the market … demand curve, it must also be true that advertising affects the demand elasticity. The converse is also true, i.e., if …