Problem: Explain the factors that contribute to the elasticity of goods:
Question 1: Discuss in detail the influences of price elasticity of demand
Question 2: Explain the factors that contribute to the elasticity of goods
Question 3-Discuss how these factors influence consumers to purchases goods or services
Question 4-Explain how price elasticity of demand relates to microeconomics
Question 5-Give a real life example of a good that shows elasticity of demand
Question 6-Incorporate the real life example into your discuss
Question 7-Explain if the good is elastic, inelastic, or unitarily elastic and why
900 word essay