Determines extent to which supply anddemand of chosen product or service are sensitive to changes in priceby applying the concept of elasticity but with gaps in accuracy ordetailFeedback:Is Walmart grocery goods elastic or inelastic and why?Selects two nonprice factors impacting the demand of chosen product or service, justifying selections but selection (s) are inaccurate or justification is illogical.Feedback: This is microeconomics so you should discuss non-price demand factors like income and expectations not population that is a macroeconomics.
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