Write min 270 word response to the question down below:
QUESTION: As you know, elasticity of demand is based in large part on user preferences. Can you think of an example where an advertiser attempted to reduce your price elasticity of demand for their product (in other words, make you less price sensitive)? How was this advertisement intended to reduce your price elasticity of demand? (How was the advertisement intended to affect any of the factors that influence elasticity of demand?) Was it successful?