other factors that management will often consider, including the design and packaging of products, the amount and distribution of the firms advertising budget, the size of the sales force, promotional expenditures, the time period of adjustment for any , and taxes or subsidies. For this discussion forum, consider your (e.g. cell phone, car, cereal, restaurant, hair gel, etc.) and describe the variables that might be part of the demand function (i.e. substitute good, complementary good, income level, advertisement, , etc.) for this product. How would you describe the elasticity of demand for this product is it highly or somewhat elastic or inelastic? Why?
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