Illustrate what effect does current supply and currently

Assignment Help Business Economics

Reference no: EM1347712

Select a product you have purchased in thre past month from a clothing or shoe store.Describe how each of the 4 factors contributed to the elasticity of the good. Is the product considered elastic, inelastic, or unitary elastic? In a few sentences, Illustrate what effect does the current supply and currenyt demand have on this product?

Reference no: EM1347712

Questions Cloud

Motivation without financial rewards : Consider you found yourself in a situation where your team was losing motivation. If you couldn't offer financial rewards, what else could you do to increase motivation?

Calculate the expected rate of return and standard deviation : The market and Stock J have the given probability distributions: determine the expected rate of return for the market. give your answer to two decimal places.

What were franks strategic purposes for incentive plan : Do you think that high-level performers should get the bulk of the rewards in an organization, or should the rewards be meted out in a more egalitarian fashion?

Major methods of developing advertising budge : Describe the major methods of developing the advertising budget. Make sure you take the position on which method you think is best and why.

Illustrate what effect does current supply and currently : Illustrate what effect does the current supply and currently demand have on this product.

Simulating problem for arriving for lunch at restaurant : Customers for lunch arrive into a restaurant at Exponential rate of 10 per hour for seated service and at Exponential rate of 15 per hour for buffet. Simulate this problem for 8 hours using minutes as the basic time units.

Relationship between fixed-variable costs used in flexible : Describe the relationships between fixed and variable costs employed in flexible budget and the differences between static and flexible budgets?

Compute the required monthly payment : Suppose Mr. Johnson wants to buy a new home at Sugar Land in June 2010. The sale price of the home is $580,000. He considers paying 20 percent down payments. Compute the required monthly payment.

Incentive plan, hiring and training staff : Explain how do you ensure that the new staff gets the appropriate training and How would you ensure that the new staff meets company standards after their training?

User Account

All Pages