week 2 discussion how do you respond to price changes
In this Discussion, you will examine your purchases of a product or service and consider the extent to which price changes have a minor or significant effect on the quantity you purchase.
Post a 75- to 150-word (1- to 2-paragraph) explanation of the factors that influence your decision about how much of your selected product or service to purchase. In your explanation, address the following:
- What might happen if the price of that product or service fell or rose?
- Identify complements to and substitutes for the product or service you identified. How do these other products or services influence your purchasing decisions?
- To support your response, be sure to reference at least one properly cited scholarly source.
