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I gathered information about this game from eight stores that carry Apples to Apples. The following is a microeconomic analysis of the demand and elasticity of the game Apples to Apples.
First, what is demand? Demand in economic terms, is a set of relationships showing the quantities of a good that consumers will buy at each of several prices within a specific period of time. There are factors that can have an impact on a person’s demand for a good. Such factors are called the Determinants of Demand, and they include: Seasonality, change in income, change in consumer tastes or expectations, change in population, and finally a change in price of a complimentary or substitute good...
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