$53,000. Average Restaurant General Manager salaries for job postings in Seattle, WA are 8% higher than average Restaurant General Manager salaries for job postings nationwide.verage Restaurant General Manager salaries for job postings in Seattle, WA are 8% higher than average Restaurant General Manager salaries for job postings nationwide.
The standardized formula for measuring price sensitivity is: Price Sensitivity = (Change in Quantity Purchased / Change in Price)*%. Example: In order to observe the price sensitivity, let us consider that, when Nestle apple nectar prices increase by 60%, the juice purchases fall with the figure of 25%. Using the mentioned formula we can easily calculate the price sensitivity for nestle apple nectar: Price Sensitivity = -25% / 60% = -0.42. Therefore, we can conclude that for every of the percentage with which the Nestle apple nectar price increases; it affects the purchase by almost more than half percentage.
The degree to which the price of a product affects consumers purchasing behaviors. The degree of price sensitivity varies from product to product and from consumer to consumer. In economics, price sensitivity is commonly measured using the price elasticity of demand.