Problem
1) Price elasticity of demand is an important tool for managers in a selling environment in deciding what to put on sale. Discuss how managers of over the counter healthcare products could use the concepts of elasticity to maximize profit.
2) In your opinion, has the Affordable Care Act contributed to the efficient allocation of resources in the healthcare industry? (Do not just provide your opinion. Your statement must be backed by economic principles).
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.