Assignment: Choose two real-world companies in different industries (CAN NOT BE APPLE OR GENERAL MOTORS), one that you feel faces elastic demand and one that you feel faces inelastic demand. In each case, you are an economist working in the company and you have come to a conclusion of what kind of demand the company faces. You are to write a paper, convincing the president of the company of your conclusion and explaining what the company’s pricing strategy should be.
· 300 words minimum for each company
· Paper must be written in APA format,
· 2 sources, other than the textbook, must be cited. Include a bibliography.