Read the case study “Demand Elasticity and Procter & Gamble’s Pricing Strategies” on page 47 of Economics for Managers.
Based on these facts, answer the following questions:
Should Procter & Gamble use reward or loyalty programs to influence demand and price elasticity for its products?
How would these programs influence current and future demand?
Why would the price elasticity of demand for an individual firm’s product be greater than the elasticity of the overall product market?
Read Luke 7:37-38 and the article “The Extravagance of God” by Makoto Fujimura: https://www.leaderu.com/humanities/fujimura-iamessay2.html
How is price elasticity related to the perfume poured on Jesus’ feet?
Incorporate a minimum of two sources and your Bible in addition to the text in this assignment. Your two sources may include scholarly sources, credible newspapers, trade journals, or websites. Use APA formatting for your paper and citations.
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