In this blog, post responses to the discussion prompts below. Your responses must be substantive with at least 150 words and contain at least 1 in-text citation and the corresponding reference.
1. Discuss how the concepts of supply and demand can be used to analyze market conditions in which management decisions about price and allocations of resources must be made.
2. Discuss how elasticity affects revenue.
3. Describe six different forecasting techniques and discuss pros/cons of each one.
