Discuss about the elasticity on a particular product

Reference no: EM132016501

Question: Select a news article(s) that discuss the economic conceptthat you chose as a topic for your term paper. Usually it is enough to choose just one article, however if you can find more than one article, you can use them.

At least one newsarticle should be dated within the previous two months.

Your task for the Term Paper is to analyze the issue described in the article using the economic concepts and theory learned in this class.

Refer to the course content materials and use specific economic vocabulary within your term paper. The article you choose may not use these exact terms; therefore, it is incumbent upon you to convert the article language into economic language as is appropriate.
Include at least one graph developed in our course.

Please note the Term paper should be written in your own words. You can use short quotes from the article(s) to support your statements. However the size of these quotes should be reduced to minimum. No more than 20% of the text of the term paper should be made up of quotes.(less is better!!!).

Please also avoid copying the materials from any textbooks, including our textbook.

Pleasebe aware that Wikipedia, Investopedia, and other on-line dictionaries and encyclopedias are not verifiable sources of reliable information. Acceptable sources of the information are: research papers, newspaper articles, and books.

Please note that this is the course of microeconomics, so you should choose the concepts related to microeconomics (not macroeconomics).

Possible concepts include:

• taxes and consumer or producer surplus

• demand, supply, and equilibrium price of a particular product

• elasticity on a particular product

• perfect competition and imperfect competition, such as monopolies

• labor market, wages, and income inequality

• poverty and public policy

• another topic selected by the professor

Reference no: EM132016501

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