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Make a list of three products with elastic demand and three products inelastic demand. Conduct a survey in which you ask 20 people how they would respond to an increase in prices for each product. Create a multimedia presentation to explain how consumers respond to price changes based on your findings.
The product that will be investigated is the Apple Watch series 6 (40mm). Its price was compared in three online stores (Amazon, Apple Store and Best Buy) in order to obtain an equilibrium price and to be able to create a supply and offer schedule with its respective graph.
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