How elastic is the product and or service


Discussion:

• How elastic is the product and/or service?

• If the company needed to increase sales by 40%, what would need to be done (in terms of elasticity)?

• Explain how this would affect both supply and demand.

• Could this affect substitute or complementary products or services? Explain.

Remember to cite your sources in APA format.

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Microeconomics: How elastic is the product and or service
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