Module 2:
1.Do you always buy the brand name product? Why? Are you willing to substitute lower price generic products?
2.As consumers do you feel that the law of demand holds true? In what cases might there be exceptions and how does this tie in with the ideas of elastic and inelastic demand?
3.In our mixed economic system, who really establishes prices? Producers or Consumers?
4.In what markets do you see the need for price controls? Better yet, what markets do you wish there were price controls?
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