How much control might an organization have over pricing

Assignment Help Business Economics

Reference no: EM13243801

Different products have different elasticities. Heart medication, for example, is inelastic, and corn is elastic. Find a product that has not already been selected by another student and describe its price elasticity and income elasticity. How much control might an organization have over pricing based on a product's elasticity? Discuss which of the elasticity rules you used to determine your answer.

Reference no: EM13243801

Questions Cloud

Calculate the image position and height : a 1cm-tall object is 6cm in front of a converging lens with a focal length of 10cm. Use ray tracting to determine the location of the image on graph, Calculate the image position and height using the lens equation

What annual rate of return is the foundation earning : A charitable foundation received a donation from a wealthybuilding contractor in the amount of $5 million. It specifiesthat $200,000 is to be awarded each year for 5 years starting now(i.e., 6 awards) to a university engaged in research pertaining

Explain hcl must be added to decrease the ph : A buffer is composed of 0.400 mol H2PO4 and 0.400 mol HPO4 diluted with water to a volume of 1.0 L. The pH of the buffer is 7.210. How many moles of HCL must be added to decrease the pH to 6.210? The answer is .327 mol. Can you please explain how ..

What rate ofreturn did engineer make per month : An entrepreneurial mechanical engineer started a tires hredding business to take advantage of of a Texas state law thatoutlaws the disposal of whole tires in sanitary landfills. The cost of the shredder was $220,000.

How much control might an organization have over pricing : Different products have different elasticities. Heart medication, for example, is inelastic, and corn is elastic. Find a product that has not already been selected by another student and describe its price elasticity and income elasticity.

For how long in time was the hare stationary : A hare and a tortoise compete in a race over a straight course 0.90 km long. The tortoise crawls at a speed of 0.300 m/s toward the finish line, For how long in time was the hare stationary

Explain the titration curve for the titration of a weak base : Describe the titration curve for the titration of a weak base with a strong acid. Indicate the chemical reaction, the points that correspond to the equivalence point, the pH = pKa and the region with maximum buffering.

How that movement occurred using behaviors of consumers : Write a paper, create a video, or create a PowerPoint presentation using a real world experience in a free market (not government regulated) to describe a change that occurred in supply or demand as a result of world events that led to the need for a..

Define which alternative should the state select : A state highway department is trying to decide whether it should"hot-patch" a short section of an existing county road or resurfaceit. If the hot-patch method method is used, approximately 300cubic metres of material would be required

User Account

All Pages