ECO 561 Week 1 DQ 1

Topics: Elasticity, Price elasticity of demand Pages: 2 (381 words) Published: October 29, 2014

This work of ECO 561 Week 1 Discussion Question 1 comprises:

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

Economics - General Economics
ECO 561 Week 1-6 Everything Icluded (All Assignments, DQ's All Quizees and Final Exam)  

Consider living in a dorm room during your first year at college. While it's not as fashionable as having your own apartment, it's a great way to become more involved in campus life. You'll be close to other students, making you more likely to make new friends and avoid the loneliness of living alone.

This work of ECO 561 Week 1 Discussion Question 1 comprises:

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

Economics - General Economics
ECO 561 Week 1-6 Everything Icluded (All Assignments, DQ's All Quizees and Final Exam)  

Consider living in a dorm room during your first year at college. While it's not as fashionable as having your own apartment, it's a great way to become more involved in campus life. You'll be close to other students, making you more likely to make new friends and avoid the loneliness of living alone.

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