Select two nonprice factors that impact the demand of your chosen product or service. Justify your selections.
Specifically, the following critical elements must be addressed: I. Supply, Demand, and Market Equilibrium a) Determine the extent to which the supply and demand of your chosen product or service are sensitive to changes in price by applying the concept of elasticity. In other words, what is the price elasticity of supply or demand for your product or service? b) […]