Question Details

MKTG 211 Week 6 Discussion
Choose one of the questions below and submit your answer to the discussion board using the appropriate discussion thread (you are welcome to answer both questions, but only the first answer posted will count toward credit for this assignment). Post two replies to answers posted by other students in class. Each reply must meet the quality criteria shown in the DQ & Class Participation Grading Rubric (the link to this rubric is located under the Syllabus tab on the left toolbar).
1.	Explain the role of supply and demand in determining price. Use an example to support your analysis.
2.	How does the stage of a product's life cycle affect price? Give two examples and thoroughly explain your rationale.