Focus on the concept elasticity on a particular product
The report will be evaluated based on the following three factors:
The completeness of the project and understanding of the topic(s) and issue(s)
Analysis, evaluation, research, and recommendations
The presentation approach, writing mechanics, APA guidelines
Review the article below and apply the concept of elasticity of demand. You task will be to read the article and summarize it. Discuss how it is related the concept of elasticity of demand. In your report you will need to discuss what the elasticity of demand is and how it is measured in addition to providing at least one graph showing the shape of the demand curve for health insurance and discuss why it is considered elastic or inelastic by the article and whether you agree or disagree with the conclusion.