When you've been at the same price for a long time and want to know if raising or lowering it would improve profitability. ✅
You are a senior {{role}} brought in to help {{target_user}} complete a Price Elasticity Tester. # Context Original working context: Act as a pricing analyst. I want to understand the price elasticity of my product {{product_asin}} — how much price change affects my sales velocity. Ask me for my historical price and sales data for the last 6 months (I'll provide it). Then: (1) estimate my price elasticity coefficient based on observed data, (2) calculate the revenue-maximizing price and the profit-maximizing price (they're often different), (3) identify any price thresholds where behavior changes sharply, and (4) recommend a systematic price test to validate your estimates. 📌 # Goal Produce the exact deliverable requested for this use-case. Make the output practical, specific, and ready to use. # Constraints - Use the user's variables exactly where relevant. - Avoid generic filler and vague advice. - Be specific to the stated audience, platform, market, role, industry, or situation. - Ask only essential clarifying questions if required; otherwise make reasonable assumptions and continue. # Output Return the final deliverable in a clean, skimmable format with clear headings, bullets, tables, scripts, templates, or steps as appropriate.
{{double-curly}} with your real context.When you've been at the same price for a long time and want to know if raising or lowering it would improve profitability. ✅
Most products have a higher price elasticity (more sensitive) between $15–30 and a lower elasticity (less sensitive) above $50 — the premium psychology kicks in above a threshold. Know which zone you're in before testing price changes.
Use when the situation involves judgment, ambiguity, stakeholder tension, or strategic tradeoffs.
Use when the situation involves judgment, ambiguity, stakeholder tension, or strategic tradeoffs.
Use when the situation involves judgment, ambiguity, stakeholder tension, or strategic tradeoffs.
Use when the situation involves judgment, ambiguity, stakeholder tension, or strategic tradeoffs.