As a data science intern, I have come to the realization that the amount of value you provide is directly proportional to the price tag you get. The number of skills you possess only matters if those skills can translate to added value to your customer in the form of increased sales or decreases costs. The more value you provide, the more valuable you are as a Data Scientist. In today's article, I will be going over a significant topic that I have come across repeatedly during my time as an internee and that topic is Price Elasticity. Price Elasticity tells us how sensitive sales of a particular product are to a unit change in its price.