Assignment is to economically analyze that product. Prepare a PowerPoint presentation of 3 slides that answers the criteria listed below. Sources must be from American internet websites and must be listed.
1. What kind of consumers buy this product? Are there targeted marketing campaigns to specific groups of consumers?
2. What do you think the elasticity is: more than 1, less than 1 or equal to 1? WHY?
3. What is the size of the market?Is it a growing market?Is the industry stable, volatile, growing or trendy?