Discussion Post
Think about an item that you consume/demand each day (week). Is there an item that you'd continue to buy if, let's say, the price doubled . . . over night! Is there any item you would stop buying if the price went up only a small amount?
If prices go way up, but consumers need it (they're price inelastic) what types of things can happen in the market that could help consumers?
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.