Build-A-Bear stores had massive line ups of customers due to a sale. Do you think consumers have elastic or inelastic demand for BuildABear? 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 BuildABear? What is another good example of a good or service with similar elasticity to Build-A-Bear? Would an economist likely advise BuildA- 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 proper concepts of microeconomics in your explanation
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