Question

help please

Answer 1

1. research a single product: restaurant meals, movies, mp3 player, etc. Find information about how price and non-price determinants have recently affected demand and quantity demanded for your product. Copy the link of your sources (you may not use blogs, Wikipedia, or other unreliable information).
2. create hypothetical demand curves for your product. Make a starting demand curve and then show how it shifted over time and/or depicting any price effect of demand. Label the reason(s) for the shift. Explain if you feel the product is more price elastic or inelastic. Create slides on your group’s PowerPoint for this information.