Assignment: Choose two real-world companies in different industries, one that you feel faces elastic demand and one that you feel faces inelastic demand. In each case, you are an economist working in the company and you have come to a conclusion of what kind of demand the company faces. You are to write a paper, convincing the president of the company of your conclusion and explaining what the company’s pricing strategy should be.
- 200 word minimum for each company
- Paper must be written in APA format, for more information on APA formatting,
- 2 sources, other than the textbook, must be cited. Include a bibliography.