Question Description For this workbook assignment, you need to create two additional multi-step, math-based elasticity problems that are similar to either question #2, #3, #6, #7, or #8 from the elasticity section in your workbook. The question you create and solve can look at price elasticity of...
Question Description For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use...
Question Description Option C: Signaling Pick a commercial or advertisement you see. Answer the following questions in your essay: What product is being advertised? What message is the ad trying to convey? Would this message increase willingness to pay? Explain. Would this message decrease the price elasticity of demand? Explain. Would this...
Question Description Option C: Signaling Pick a commercial or advertisement you see. Answer the following questions in your essay: What product is being advertised? What message is the ad trying to convey? Would this message increase willingness to pay? Explain. Would this message decrease the price elasticity of demand? Explain. Would this...
Question Description Write a short (250 word minimum) essay on one of the following topics: Option A: Market Failure For this essay, you need to find and analyze an example of market failure. Here are the questions you need to address: Summarize the example of market failure. Explain why it...
Question Description Write min 270 word response to the question down below: QUESTION: As you know, elasticity of demand is based in large part on user preferences. Can you think of an example where an advertiser attempted to reduce your price elasticity of demand for their product...
Question Description Please answer the following questions: 1.Given two parallel, downward- sloping, linear demand curves, is the demand elasticity the same at any given price? Given two downward- sloping, linear demand curves, with one showing consumption to be 50 percent greater than the other demand curve at...
Question Description Submit a draft of the supply and demand conditions (Section II) and price elasticity of demand (Section III) of your research paper, including all critical elements listed below. You will analyze data on firm sales and in the market overall to identify trends and...
Question Description After watching the Section 5.3 Review and Section 6.2 Review videos, respond to the questions below. Gas prices fluctuate often and in both directions. In your initial post, respond to the following: How responsive do you think consumers will be to the price change when...
Question Description Imagine you've started a new pizza restaurant. It costs you about $6 to produce a pizza. Last week you sold 500 pizzas for $12 each. This week you raised your price and sold 375 pizzas for $14 each. What price should you be charging? (round to the...