Please identify the following products/services whether its demand is elastic or inelastic and give a brief
explanation for each demand. The lecture on factors that determine the price elasticity of demand could be
If you are selling/providing each of these products/services, would you raise its price up or lower the price
down to increase the total revenue for each product/service? Please also briefly explain.
The demands for these products have different income elasticity as well. Please categorize them with regard to
income elasticity whether it is an inferior or normal (necessity or luxury) good. Please provide a brief
Milk (not about the brands)
The Tower of London The Tower of London, for the individuals who succeed the admission of the lord as the following ruler of the England battle to deliver. Lord Edward at first vowed to Normandy William I open, he gets the seat subsequent to King Edward's passing. Yet, before his demise, he was convinced to give him the seat of Harold 's more youthful sibling Harold' s Britain. This he ran his military from England to get into French considering his authentic seat and drove Duke William crazy. The Tower of London, the Royal Palace's Mansion, the Tower of London is a notable manor on the north bank of the River Thames in focal London. Situated in the Tahamre region of London, it is removed from the east finish of the square mile of London City and is known as Tower Hill. It was built up toward the finish of 1066 as a component of the Norman success of the UK. The White Tower named after the entire mansion was worked by William Conquest King in 1078 and is an awful image of London's abuse by another ruling first class. From 1100 (Ranulf Flambard) to 1952 (Kray twins), the manor was utilized as a jail, yet this was not the fundamental reason. It is an eminent castle with a long history, when a home of the regal family. Generally, the pinnacle is a complex of two concentric cautious dividers and a channel. Pinnacle of London, Tower, Royal Fort, Landmarks of London. Its notable structures and locales filled in as castles, political detainment facilities, executions, Arsenal, Royal Mint, zoo and open chronicles. It is situated on the north bank of the River Thames and is situated in the west end self-governing area of Tower Hamlets, circumscribing the focal piece of London. After the crowning ordinance service (Christmas 1066), William the victory lord quickly came to assemble a post on the site to control the indigenous business network, and the development of the primary port territory and downstream wharf, upstream to the London, the pool Control the zone. Nineteenth century. Focal is known as the White Tower - Normandy Khan limestone worked in around 1078 years, started on the dividers of antiquated Rome>GET ANSWER