Determines extent to which supply and demand of chosen product or service are sensitive to changes in price by applying the concept of elasticity but with gaps in accuracy or detail
Feedback: Is Walmart grocery goods elastic or inelastic and why?
Selects two nonprice factors impacting the demand of chosen product or service, justifying selections but selection (s) are inaccurate or justification is illogical.
Feedback: This is microeconomics so you should discuss non-price demand factors like income and expectations not population that is a macroeconomics.
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