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1. Choose a product/service. Describe the elasticity of supply for your product/service . Identify one factor that influences the elasticity of supply for that product/service.

1. Choose a product/service. Describe the elasticity of supply for your product/service . Identify one factor that influences the elasticity of supply for that product/service. Discuss the what happens to elasticity of supply if you vary that factor .

2. With footware sales of USD 28 Billion in the fiscal year ended 31 May 2021, Nike is still No. 1 in the sneakers market. Identify the market structure where Nike operates. Discuss at least 2 features of that market structure

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