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1 Discuss the impacts that technological change may have on the elasticity values of a goods or services. Use the concept of elasticity and pertinent

1 Discuss the impacts that technological change may have on the elasticity values of a goods or services. Use the concept of elasticity and pertinent economic analysis to support your arguments clearly and analytically.

2 Analyze the elasticity of demand of insulin. Reflect on policy issues and pricing strategies for the product.

3 Discuss how managers can use correlation and causation to decide whether to increase or decrease the price of a product.

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