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Welcome to the Q&A for ECN/APEC 2010, where you can ask questions and receive answers from your fellow students, the TA, and your professor.

Please only ask questions about the material for the course. Try to create discussions about the material we see in class, instead of just thinking of economics in general (this is an introduction to microeconomics class, not a policy or government class).

For questions and discussions about course organization or other course related topics, come see us after class or during office hours.

Feel free to discuss quiz questions on the Q&A, but do not provide direct answers to quiz questions before the quiz's due date.

Elasticity of demand in corporations and industries?

+1 vote
11 views
Are there benefits that companies or industries can receive from taking measures to change the elasticity of demand of their products?

If so, how do they do it?
asked Feb 8 by canvas-072aad86f1af6 (275 points)
Companies would have to alter willingness to pay in individual consumers; does this seem realistic? I would like to know how it is done, other than maybe through advertising and marketing strategies which will not be discussed in this class.
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