APA format is required. References should be listed immediately after the question that is being answered. Each question lists a minimum number of unique scholarly references; the textbook is considered one unique….
Utilize the attached file to complete the question.
Determine whether the prices in your local area are higher or lower than the national average.
Create a 700-word proposal in which you include the following:
- Explain elasticity of supply and demand and how this relates to your pricing decision.
- Determine if your prices will be higher, lower, or the same for the new location.
- Defend the pricing decision including all supporting documentation.