Reflect on why some products become substitutes
Discussion:
Reflect on why some products become substitutes and why some are complements (e.g. hot dogs and hot dog buns).
Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
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Explain how the price elasticity of demand affects a consumer's purchasing and the firm's pricing strategy as it relates to the simulation.
Describe how each item listed above impacts the values and culture of the organization.
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