• April 12th, 2016

ECO Week 2: Estimating Demand and Its Elasticities

Paper, Order, or Assignment Requirements

Please read thoroughly the attached documents about the Katrina Candies scenario and answer the following questions. **Please number each answer according to the question.**

1. From the scenario for Katrina’s Candies, examine the procedure Herb will use to estimate the demand model.

2. Analyze the elasticity of demand for products within the selected industry relevant to Katrina’s Candies.

3. Determine the factors involved in making decisions about pricing these products that you believe to be the most influential.

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