question archive Describe your product and its characteristics (What is it, how is, it used, what is the competitive landscape for your product, what are the current market prices, etc
Subject:EconomicsPrice: Bought3
Describe your product and its characteristics (What is it, how is, it used, what is the competitive landscape for your product, what are the current market prices, etc.). I emphasize that you are the one who knows the most about your product. Therefore, if any description or estimation does not conform to common sense, it indicates that you are not familiar with your product and with the assignment. Your estimation of the demand parameters should be based on this description. Your professional presentation style is also graded here. For my product is convenient for carrying around with biodegradable bottle and less time saving on brewing for your own. The current market prices with 12 bottle for $16 and $1.33 per bottle. How do I locate the two A and B variables for with the demand equation? P = a - bQ