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- Answer the following questions: What product do you use that you would use regardless of the price? Why? Is this related to price elasticity of demand, or is it personal preference? Provide the URL for this product so we can learn more about it.What types of things might impact price elasticity?Would you call your refrigerator a comfort or a necessity?
- will the demand for online paid tv increase in the future ?There is a sale going on at XYZShop. As a consumer, can you consider the sale or increase in demand as a cost-effective way to reduce the price?Economics Over the past decade, holiday gift cards have become increasingly popular at online retailers. Not long ago, online shoppers had to really hunt at most e-retailer' sites to purchase a gift card, but today it is easier to purchase gift cards online than at traditional retail outlets. Provide a comprehensive initial post answering the following questions: Do you think online gift cards are merely a fad? Explain carefully.