In this part of your paper, address the elasticity of Apple Inc. the company which you have selected. Conduct research for your company and prepare an essay that addresses the following.
- How elastic is the product and/or service?
- If the company needed to increase sales by 40%, what would need to be done (in terms of elasticity)?
- Explain how this would affect both supply and demand.
- Could this affect substitute or complementary products or services? Explain.
Remember to cite your sources in APA format.
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