User Account

All Pages

Evaluation of written assignments

Assignment Help Business Management
Reference no: EM131438069

Your assignment is to write a short (2-3 page, double-spaced, typed) essay identifying and describing two markets of your choosing; the first characterized by an elastic demand and the second one by an inelastic demand. Indicate why your choices have the relative elasticities they do.

Hint: Use the determinants of elasticity to sort why some products are elastic and others are inelastic.

  • Market One: What are some of the goods you purchase in your life for which your demand is most elastic? Why?
  • Market Two: What are some of the goods you purchase in your life for which your demand is highly inelastic? Why?

Draw upon Chapter 19 for your analysis. This will be graded using the "Evaluation of Written Assignments" rubric.   

Hint: Use the determinants of elasticity to sort why your choices in Market One are elastic and why the choices in Market Two are inelastic.

Reference no: EM131438069

Questions Cloud

Developing discussion questions and answering : In these reports, the students are, in essence, developing discussion questions and answering them.  Students are not analyzing and critiquing an entire article, just statements in the article.
Describe key argument you would make for introducing project : Imagine you work for an organization that does not use project management techniques for managing projects. Decide and describe the key arguments you would make for introducing project management to the organization.
Managerial effectiveness in a global context : The increased complexity of roles and increased interactions among many different people has led to some workplace concerns regarding the influence of diversity on individual and group effectiveness.In the Center for Creative Leadership's report,..
Optimal two-part pricing strategy : a. Determine the optimal two-part pricing strategy. b. How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price?
Evaluation of written assignments : Your assignment is to write a short (2-3 page, double-spaced, typed) essay identifying and describing two markets of your choosing; the first characterized by an elastic demand and the second one by an inelastic demand. Indicate why your choices h..
How do you know if a product is elastic or inelastic : How do you know if a product is elastic or inelastic? For example an European vacation and steak.
What about a fine-antique dealer : 1. Does a junk dealer contribute to GDP? What about a fine-antique dealer? How? Why?
What are the intangible characteristics of providers : Intangibility: What are the intangible characteristics of providers (i.e., demeanor, posture, etc.)? How do providers behave toward patients
Prepare the cash budget for the specific : The business will continue to allow all of its customers one month's credit. It plans to increase inventories from the 30 June level by £1,000 each month until, and including, September. During the following three months, inventories levels will b..

Reviews

Write a Review

Business Management Questions & Answers

  Number of considerations in choosing the right intervention

Anderson (your textbook) lists a number of considerations in choosing the right intervention strategy. In your view, how might you prioritize these? What do you think are the most important considerations in choosing which interventions to impleme..

  Determine whether logitech''s past ability to innovate

How does Logitech's quality standards impact its ability to be successful in the future?

  Determine the preferred course of action for allcotton

(i) Draw a decision tree for the decision that AllCotton faces. (ii) Determine the preferred course of action for AllCotton assuming it uses expected profit as its decision criterion.

  Law against discrimination based on sexual preference

Firm XYZ is located in West Hollywood. Many gay workers at XYZ are "exuberant" (and often explicit) in discussing their sex lives.

  Describe the business problem and technology

Select two topics. Briefly describe the business problem and technology in 50 words or less for each topic.

  Explain the roles of social responsibilities in business

Discuss the roles of ethics and social responsibilities in business. Use technology and information resources to research issues in business. Write clearly and concisely about business issues using proper writing mechanics.

  What are the deontological and teleological frameworks

What are the deontological and teleological frameworks of business ethics? Give examples of them in today's business environment.

  Four functions of organizational managementdescribe the

four functions of organizational managementdescribe the four functions of management planning organizing leading and

  Problem regarding the waste and increase performance

Question 1: The following supply chain concept was introduced in the 1990's in an attempt to reduce waste and increase performance:

  Analyze the apple case within the political frame

Utilizing your previous knowledge/experience with different organizations,compare Jobs with at least two other business leaders, analyzing the relationship between each leader's power and influence inside and outside of their organizations. Analyz..

  Example of the eggshell skull

This is an example of the "eggshell skull" principle in tort law - even if someone has a skull as fragile as an eggshell, if you tap them on the head and break their skull, you're still liable.  This is also described as the doctrine that "we take..

  Determining organizational effectiveness-path goal

determining organizational effectiveness-path goal theory-effective versus efficient leadership-management by

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd