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( Eighth Edition Survey of Economics Principles, tools, and applications) , 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
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).
