Consider the Price Elasticity of Demand. Explain how a solid understanding
of this, in conjunction with other economics concepts, can help a business
improve its performance (e.g. increase sales revenue).
➢ Combine theory with practical examples.
o This paper is not a summary of economics concepts and research. This is an
analysis.
o Your analysis should be of one product and/or company.
o Your examples must reference real data. Examples should not be
hypothetical.
o Please stay on topic.
➢ In addition to using and citing the textbook, please use at least one additional
reference source (a respected/reputable website, as an example, would be fine).
o Sources such as blogs, social media sites, and Wikipedia are not viewed as
respected/reputable.
➢ Please cite when necessary.
➢ By the due date, please submit the assignment via the website listed below.
o https://docs.google.com/forms/d/e/1FAIpQLScWAspDcAsKhLPyVh8eg__
m80NeXXWbdgDWq9jmXSvb5ojU3A/viewform?usp=sf_link
o Papers sent any other way will not be accepted.
o You will receive a confirmation email after submitting your assignment.
Please save this email for your records.
➢ Your paper should list your full name have a bibliography (list of works cited).
➢ Your assignment should be formatted as a formal paper (e.g. MLA, APA or
Chicago style).
Your grade will be based on the overall quality of your paper (e.g. level of effort,
spelling, grammar, organization, formatting, etc.).
➢ This is an individual assignment, and your work must be original.
o You may not submit a paper that was/is used previously or in another class