From the scenario for Katrina’s Candies, examine the procedure Herb will use to estimate the demand model developed in the scenario for Week 1.
From the scenario for Katrinas Candies, examine the procedure Herb will use to estimate the demand model developed in the scenario for Week 1. Analyze the elasticity of demand for products within the selected industry relevant to Katrinas Candies. Determine the factors involved in making decisions about pricing these products that you believe to be the most influential. In particular, what factors lead to more/less elasticity.
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