Elasticity of Demand
Cover the following 600-800 words
Discuss different types of Elasticity of Demand
What type of Elasticity of Demand does auto parts in the United States have? Is it Elastic, Inelastic, Unitary Elastic, Perfectly Elastic, or Perfectly Inelastic? Discuss and give evidence of your finding.
If AutoEdge decided to increase its prices and return to the United States, based on your research findings, how would this action affect consumer demand? Be sure to apply your knowledge to real life situation and use real life examples
What Recommendations would you have for AutoEdge about their decision to relocate the manufacturing operation back to the United States? Give real life example
What type of Elasticity of Demand does auto parts in the United States have? Is it Elastic, Inelastic, Unitary Elastic, Perfectly Elastic, or Perfectly Inelastic?
