Economics Problem
o Identify an elastic good (Coca Cola Soft Drink) that you have purchased and explain your reasoning.
o Analyze a store owner and how they should price their products based on elasticity.
o Evaluate how a firm is able to estimate whether they are selling elastic or inelastic.
o Explain how a store can sell more elastic goods.
o Analyze how a store owner can continue to increase prices on inelastic goods.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.