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supply and demand conditions and price elasticity of demandThe purpose of this milestone is for students to begin their firm analysis from a microeconomic perspective, applying concepts learned in Modules One, Two, and Three. Specifically, students will examine the supply and demand conditions for the goods or services the firm produces, paying special attention to how sales and product development have evolved over time. Students will then apply the elasticity concept to determine how the price elasticity of demand for the firm’s goods or services would be categorized, and they will examine what that suggests for the firm’s ability to increase or decrease prices. Prompt: Submit a draft of the supply and demand conditions (Section II) and price elasticity of demand (Section III) of your research paper, including all critical elements listed below. You will analyze data on firm sales and in the market overall to identify trends and inform your recommendation for the fir

m’s future actions. You will also use available data to determine the price elasticity for the goods or services your firm produces and explain the factors that influence consumers’ reactions and the firm’s pricing decisions. REQUIREMENTSeconomics  eco-201 3pgsrefs and citeoutlinehello my paper is about tesla the first part of my paper is there and then the rubric is there. I mean previous work, milestone 1 attached for reference.Answer Preview…………….Tesla Motors is a major player in the electric car industry as stated in the company’s mission of ensuring sustainability regarding energy through the elimination of fuels. The forecasts in the automotive sector indicate that the electric cars will take 40-50%% share of the automobile market by 2040. Tesla motors estimate to produce one million cars in 2020. These estimated are pegged on the increasing demand for the company’s products. In the passenger……………………….APA 986 words
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