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Build-A-Bear stores had massive line ups of customers due to a sale. Do you think consumers have elastic or inelastic demand for Build-A-Bear? What is
Build-A-Bear stores had massive line ups of customers due to a sale.
Do you think consumers have elastic or inelastic demand for Build-A-Bear? What is another example of a good or service with similar elasticity to Build-A-Bear? Would an economist likely advise Build-A-Bear to continue to offer lower prices, similar to these sales? Or would they advise them to raise prices and not offer sales? Make sure to use concepts from our course in your explanation.
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