Elasticity of Demand 1 Page Paper
Budget: $250 – $750 USD
Find an article (no older than 1 year) on the Internet, which adheres to the following requirements. First, the article must discuss elasticity of demand. Second, the article must involve a current event, which is normally not a problem if the article was published within the last year and is from a good source. Third, the author must use statistical information, data, or graphs to back his or her conclusions on that elasticity of demand issue.
Fourth, the article must come from a reliable source. Reliable publications include The Wall Street Journal, The Economist, the New York Times, Business Week, CNBC, Market Watch, and some other sources. Be careful when selecting your article. Do not select an article from a source, such as [login to view URL] or The Balance. I am not saying that these are not good sources for general educational information on the economy, but that certain sources are not appropriate for this assignment because of the above three requirements. Make sure you provide the article citation.
Content of the Paper:
Write a report that is at least one single spaced page or two double-spaced pages and include the following:
1. Provide a short summary of the issue(s) discussed in the article.
2. What is the author's view on the issue?
3. What are the available data or statistics? What do they mean in relation to the author's opinion?
4. What is the impact of the elasticity of demand issue on the industry or the business? Why?
5. Do you agree/disagree with the author's conclusions? Better papers will analyze the article and utilize what was learned in the course. The expected way in which students will make the paper longer and more thorough is to provide a substantial opinion and critique of the article.
Fourth, the article must come from a reliable source. Reliable publications include The Wall Street Journal, The Economist, the New York Times, Business Week, CNBC, Market Watch, and some other sources. Be careful when selecting your article. Do not select an article from a source, such as [login to view URL] or The Balance. I am not saying that these are not good sources for general educational information on the economy, but that certain sources are not appropriate for this assignment because of the above three requirements. Make sure you provide the article citation.
Content of the Paper:
Write a report that is at least one single spaced page or two double-spaced pages and include the following:
1. Provide a short summary of the issue(s) discussed in the article.
2. What is the author's view on the issue?
3. What are the available data or statistics? What do they mean in relation to the author's opinion?
4. What is the impact of the elasticity of demand issue on the industry or the business? Why?
5. Do you agree/disagree with the author's conclusions? Better papers will analyze the article and utilize what was learned in the course. The expected way in which students will make the paper longer and more thorough is to provide a substantial opinion and critique of the article.