Introduction: Provide a brief description of the selected company, including what products or services they provide. Supply and Demand Describe the supply and demand trends for the company over the past five years. How have supply and demand trends changed? Identify at least two determinants of supply and two determinants of demand and explain how they have impacted the supply and demand trends for the company. Price Elasticity Identify the determinants of price elasticity of demand for the selected company. Provide examples from your research to illustrate. Based on your analysis, determine if the price elasticity of demand is elastic or inelastic for the goods or services produced by the company. Explain how price elasticity of demand affects pricing decisions and total revenue of the selected firm. Provide examples from your research or the textbook to illustrate.
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