Discussion Post
Assume that you recently made a purchase on Amazon. The next time you go to purchase this item, let's say you find out that the price has increased by X dollars. How would you respond to this price increase? Would you say this item is Relatively Elastic, Relatively Inelastic, or Unitary Elastic? Explain using the Determinants of the Price Elasticity of Demand. Think about how the increasing popularity of shopping online impacts your response.
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.