User Account

All Pages

Why some goods go on sale and others do not

Assignment Help Microeconomics
Reference no: EM132265647

Question: Think of three goods for which the demand is inelastic with respect to price. Do these goods ever go on sale? Does understanding the relationship between elasticity and total revenue help you understand why some goods go on sale and others don't? Share your thoughts on elasticity. Do businesses prefer one type of elasticity - elastic or inelastic and, what can they do to achieve that elasticity. Provide at least one quotation from your research and its source (Must be after Jan 1, 2019) in your discussion.

Please no plagiarism this is submitted thru turnitin

Reference no: EM132265647

Questions Cloud

Advise Dan as to his legal position in each case : Assignment - Problem question - Advise Dan as to his legal position in each case. You should substantiate your statements of law with legal authority
About some global marketing related topic : Chose one current article to analyze. The article should be about some Global Marketing related topic,
The context of truckload transportation networks : Define and discuss value of service pricing in the context of truckload transportation networks.
Describe three films that will serve as the main event : Identify and describe three films that will serve as the main event for the festival. Include why and how each film fits the theme.
Why some goods go on sale and others do not : Think of three goods for which the demand is inelastic with respect to price. Do these goods ever go on sale? Does understanding the relationship between.
Inventory cost of the new aggregate replenishment strategy : What is the minimal annual inventory cost of the new aggregate replenishment strategy ?
Identify a public policy issue you consider important : Identify a public policy issue you consider important, then compare a selected theory and determine what factors like regulations, special interest groups.
Why would an employer want to monitor the activities : What could an organization utilize to ensure that all employees are well aware of their rights and responsibilities in regard to privacy?
The information outright present ethical issue : If the customer does not disclose competitor's pricing information, why would a salesperson asking for the information outright present an ethical issue?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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