economic analysis of the firm

Project Description:

need a paper 3-4 pages in apa format on the following: this is not a report just weekly task
summary of the role that demand plays in economic behavior.
summary of the role that elasticity plays in economic behavior.
a personal example that demonstrates demand and elasticity.
choose a good or service that you typically purchase. it can be a large, expensive item or something that you buy repeatedly each week, like a take-out lunch or a cup of coffee.
what is the item and why do you purchase it?
using the elasticity of demand concept, explain what you would expect to happen if the price of that product increased significantly.
identify potential substitute or complementary products to the item you selected. using the cross elasticity of demand concept, explain what you would expect to happen if the price of a related product increased.
based on the concept of income elasticity, would you describe your selected product as a normal or inferior good? why?
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