Week 2 Discussion

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"Estimating Demand and Its Elasticities" Please respond to the following:

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. Analyze the elasticity of demand for products within the selected industry relevant to Katrina’s Candies. Do you think elasticities are important in health care? Why or why not? Provide a rationale for your response.

Here's the link to the scenario:

https://blackboard.strayer.edu/bbcswebdav/institution/ECO/550/1142/Week2/Scenario/story.html