Friday, March 4, 2011

Industry Analysis Part #4 - Elasticity of Demand

Research the impact of price on demand for your product.  Price Elasticity determines the slope of a demand curve.  Find out in your industry how the consumer reacts to price changes.  Does the consumer want more or less?  or does the consumer  demand not change much.?

Have a one page written response due 3/17 and class discussion on 3/17

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