Prepare an essay addressing how elastic is the product


Discussion:

In this part of your paper, you address elasticity of the company you chose. Conduct research for your company and prepare an essay that addresses the following.

• 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.

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Microeconomics: Prepare an essay addressing how elastic is the product
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