Remember: The elasticity of a product, whether in the supply or demand sector, is determined by how sensitive the product is to a change in price.

Based on the above, choose a product from the market and answer the following for your participation in the forum, including all the required elements:

1 - How, for the selected product, does the company manage to modify prices based on its different levels of elasticity through different moments or time of existence of the product?

2- Make sure to include a description of the product you selected.

3- Defines the concept of "price elasticity" of product demand.