Initial Post: Find a product and/or service which has recently experienced a price change. Find the amount that was sold prior to the price change and the amount sold after the price change. Calculate the elasticity of the product/service. Is the product/service elastic or inelastic? Why? What are some of the factors and characteristics that contribute to the elasticity you calculated. (Example: When car washes went on sale from $10/car wash to $8/car wash, the number of customers increased from 125k to 145k. You need to find numbers like this to determine the elasticity.) Response Post: Choose at least three posts from your fellow classmates and answer the following, were you surprised by the elasticity of the product/service? What do you think makes the product/service elastic or inelastic? How has it changed over time