Provide an explanation for the of questions in the form of an essay. Support the explanation with research from at least three peer-reviewed journal articles using the CSU Online Library (or other sources).

1. Research elasticity information for two particular goods: one with an elastic demand and one with an inelastic demand. Using elasticity information you gather, predict changes in demand. TheUnited States Department of Agriculture websitehas a good resource to help with this. https://data.ers.usda.gov/reports.aspx?ID=17825
2. Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions.
3. Explain the importance of opportunity costs to decision-making and how opportunity costs lead to trade.
4. Evaluate how better business decisions can benefit not just the producer but the consumer and society as a whole. In the evaluation, contrast the deontology and consequentialism approaches to ethics.

three pages and at least three peer-reviewed resources.