Preview

ECO 204 Week 2 DQ 1

Good Essays
Open Document
Open Document
446 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
ECO 204 Week 2 DQ 1
This document of ECO 204 Week 2 Discussion Question 1 Tax credits and the Labor market contains:

Many states provide firms with an Business - General Business Elasticity . Analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic or inelastic:

a. bottled water

b. toothpaste

c. cookie dough ice cream

d. fresh green beans

e. gasoline

In your analysis, please make sure to explain your reasoning and relate your answers to the characteristics of the determinants of the price elasticity of demand. If you are attending a college in another state, or if you are going to live in the dorms, think twice before bring your car. If the area is highly populated, free parking may be at a premium. Also, if you have a car on campus, you will have to pay for regular maintenance as well as insurance and gas.

This document of ECO 204 Week 2 Discussion Question 1 Tax credits and the Labor market contains:

Many states provide firms with an Business - General Business Elasticity . Analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic or inelastic:

a. bottled water

b. toothpaste

c. cookie dough ice cream

d. fresh green beans

e. gasoline

In your analysis, please make sure to explain your reasoning and relate your answers to the characteristics of the determinants of the price elasticity of demand. If you are attending a college in another state, or if you are going to live in the dorms, think twice before bring your car. If the area is highly populated, free parking may be at a premium. Also, if you have a car on campus, you will have to pay for regular maintenance as well as insurance and gas.

This document of ECO 204 Week 2 Discussion Question 1 ...

To download more course tutorials visit - https://bitly.com/1rubN3K

If you are attending
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    ECO 204 Week 3 DQ 1
    • 424 Words
    • 2 Pages

    ECO 204 Week 3 DQ 1

    If the campus you are attending is large, it is important to familiarize yourself with it during the first week. You should know how to get to the cafeteria, library, the Professor's offices, college security, study rooms and the student center. Knowing the location of places you have to go saves time.…

    • 424 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    ECO 561 Week 1 DQ 1
    • 381 Words
    • 2 Pages

    ECO 561 Week 1 DQ 1

    Different products have different elasticities. Heart medication, for example, is inelastic and corn is elastic. All firms can increase the volume of goods or services sold by cutting prices; however, elastic products are much more price sensitive than inelastic products. Find a product that has not already been selected and describe the price elasticity. How much control might an organization have over pricing based on a product…

    • 381 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    GBM 380 Week 1 DQs
    • 476 Words
    • 3 Pages

    GBM 380 Week 1 DQs

    If you plan to move to a different state, or if you are going to live on the campus, think about whether you really need to bring your car. It may be difficult to find a place to park, especially in crowded cities. In addition, you may struggle to pay for the registration, insurance, and high gas prices. This is definitely true if you do not work.…

    • 476 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    OPS 571 Week 1 Summary
    • 460 Words
    • 3 Pages

    OPS 571 Week 1 Summary

    When thinking about housing arrangements for college, be sure to give careful consideration to whether or not you will need your vehicle. Large cities with limited parking might not be the best campuses to count on bringing your car to. It can also be hard to pay for everything owning a car entails, such as insurance and gas.…

    • 460 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    BUS 362 Week 1 DQ 2 Focus Strategy
    • 415 Words
    • 2 Pages

    BUS 362 Week 1 DQ 2 Focus Strategy

    If you are attending a college in another state, or if you are going to live in the dorms, think twice before bring your car. If you go to school in a big city, parking might be an issue. You may struggle with paying insurance, gas, and registration, especially if you don't have a job.…

    • 415 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    HUM 150 Week 2 DQ 1
    • 436 Words
    • 3 Pages

    HUM 150 Week 2 DQ 1

    When you are traveling far from home for college, determine whether you should bring your vehicle or leave it home. In areas of high population, free parking spaces can be difficult to find. Also, if you have a car on campus, you will have to pay for regular maintenance as well as insurance and gas.…

    • 436 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    CJA 364 Week 3 DQ 1
    • 445 Words
    • 3 Pages

    CJA 364 Week 3 DQ 1

    A credit card is often necessary, particularly if you are going to school far away from home. However, be smart about your decision. Research your options and select a card that has a low interest rate. Also, make sure there aren't any annuals fees and don't be tempted by high credit limits. Those are just a recipe for disaster.…

    • 445 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    HCA 375 Week 1 DQ 1 Management versus Leadership
    • 409 Words
    • 3 Pages

    HCA 375 Week 1 DQ 1 Management versus Leadership

    Think long and hard before you bring a car on campus. You may think you can get around easier, but you might have to pay a fee to have your car there, and you might not ever use it. It may be more trouble than its worth to have it there, so find out what you can before you bring the car.…

    • 409 Words
    • 3 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    BSHS 322 Week 3 Individual Journal Entries & Text Exercises
    • 461 Words
    • 2 Pages

    BSHS 322 Week 3 Individual Journal Entries & Text Exercises

    When thinking about housing arrangements for college, be sure to give careful consideration to whether or not you will need your vehicle. Large cities with limited parking might not be the best campuses to count on bringing your car to. It can also be hard to pay for everything owning a car entails, such as insurance and gas.…

    • 461 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Exercise 6 Solution
    • 3501 Words
    • 15 Pages

    Exercise 6 Solution

    2) If the percentage increase in price is 15 percent and the value of the price elasticity of demand is -3, then quantity demanded…

    • 3501 Words
    • 15 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Homework Set 3 Spring 2015
    • 599 Words
    • 2 Pages

    Homework Set 3 Spring 2015

    2. Explain why the demand for residential natural gas (gas used for heating, cooling, and cooking) is more elastic than the demand for residential electricity. 3. Would you expect the demand for a specific brand of running shoe to be more elastic or less elastic than the demand for running shoes in general Why 4. For each of the following goods, indicate whether you expect demand to be inelastic or elastic, and explain your reasoning Opera Local phone service Foreign travel Movies Eggs Milk 5. You observe a positive relationship between the price that your store charges for CDs and the total revenue from CDs. Is the demand for your CDs elastic or inelastic 6. Suppose that at the current price, the price elasticity of demand for a campus film series is 1.40. If the objective of the film society is to maximize its total revenue (price times the number of tickets sold), should it increase or decrease price 7. As the head of a state chapter of MADD (Mothers Against Drunk Driving), you are to speak in support of policies that discourage drunk driving. The number of highway deaths among young adults, which is roughly proportional to the groups beer consumption, is initially 100 per year. You have scheduled a news conference to express your support for a beer tax that will increase the price of beer by 10. The price elasticity of demand for beer is 1.30. Complete the following statement The beer tax will decrease the number of highway deaths among young adults by about ____ per year. 8. When the price of paper increases from 100 per ton to 104 per ton, the quantity supplied increased from 200 tons per day to 220 tons per day. What is the price elasticity of supply 9. You are a tax…

    • 599 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Economics Answers: Elasticity
    • 813 Words
    • 5 Pages

    Economics Answers: Elasticity

    6. A local paintball business receives total revenue of $8,000 a month when they charge $10 per person and they receive $10,000 in total revenue when they charge $6 per person. Over that range of prices, does the business face elastic, unitary, or inelastic demand?…

    • 813 Words
    • 5 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    State The Factors Affecting The Price Elasticity Of Demand
    • 673 Words
    • 2 Pages

    State The Factors Affecting The Price Elasticity Of Demand

    The type of product will affect the price elasticity of demand i.e. a necessity such as petrol will have a inelastic demand as it is a must have for consumers so a change in price will cause only a minor change in price whereas if a product is not a necessity for consumers it will have an elastic demand meaning a small change in price could lead to a greater change in quantity demanded…

    • 673 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Elasticity and its Applications
    • 1293 Words
    • 6 Pages

    Elasticity and its Applications

     What is the price elasticity of demand? How is it related to the demand curve? How is it related to revenue & expenditure? …

    • 1293 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Economics
    • 1151 Words
    • 5 Pages

    Economics

    The fundamental determinant of the elasticity of demand is how easy it is to substitute one good for another.…

    • 1151 Words
    • 5 Pages
    Powerful Essays
    Read More

Related Topics