ASSIGNMENT ID
1031966
SUBJECT AREA Business
DOCUMENT TYPE Coursework
CREATED ON 6th July 2019
COMPLETED ON 8th July 2019
PRICE
$40
15 offers received.
Expert hired: cyruses

MICROECONOMICS Discussion 4

1. Think of three goods for which the demand is inelastic with respect to price. Do these goods ever go on sale? Does understanding the relationship between elasticity and total revenue help you understand why some goods go on sale and others don’t? Share your thoughts. (1/2 page) 2. Reply to two peers below with thoughtful responses: (1/2 page) a. Three goods that have inelastic demand are medicine, electricity and food! The three goods never go on sale due to their companies that supply medicine, electricity & foods, are aware of every individual needing these things for life. People are willing to consume and continue paying for these goods even if the prices change or rise. Mostly medication, there are some genetic and brands but people knowing that the brand medications are more assure than the genetics, they are willing to pay anything to save their own lives. Understanding the relationship between elasticity and total revenue helps me understand clearly why there's many goods that do not go on sale. Suppliers take advantage of this and even higher the price of inelastic goods to higher revenue. b. Inelastic goods are resources that generate a high demand and stay in demand regardless of a price increase. Examples of inelastic resources include gas, tobacco, water, electricity, etc. The prices of inelastic products very rarely/never go on sale. Resources such as electricity and water will never go on sale because it is a necessity that we all demand. An increase in price with these resources will result in a very low quantity of demand loss, but result in a higher revenue for whomever is providing. Elastic resources on the other hand, does not have the same luxury as an inelastic resource. The quantity of demand for elastic products vary depending on the price increasing or decreasing, as to why some products go on sale. When a product has a lower demand and the company wants to increase its revenue, the product may go on sale which causes an increase in demand but a decrease in price thus, selling more quantity of goods. Concluding, understanding the relationship between inelastic goods and revenue does help understand why some goods go on sale.
1. Think of three goods for which the demand is inelastic with respect to price. Do these goods ever go on sale? Does understanding the relationship between elasticity and total revenue help you understand why some goods go on sale and others don’t?
Show More
This project has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 project experts. Hire your expert directly, without overpaying for agencies and affiliates!
Check the price for your project

See other similar orders

Women's rights or Marriage
It is a definition essay. I have placed an order last year and it was great. I have suggested two topics in the title, you can chose any which you think is better and you can find more material to write on. Or you can suggest any other topic too for this type of essay which you feel is better. I have attached sample papers and prompt...
Essay
English Language
The American Dream
Essay Reading Quiz (1) Based on your reading of Kamp, Jillson, and Cullen what common answers are found between the three readings regarding these four questions: 1) How does the reading define the dream? 2) What historical details are given and how do they connect to the dream? 3) What examples of the successful dreams are given--common American Dreams? 4) What..
Essay
English Language
"The Enormous Radio" discuss the word "enormous" both literal and connotative meanings
Question: "The Enormous Radio" is a fitting and significant title for Cheever's story. The word "enormous" here has both literal and connotative meaning(s). Discuss 500-750 words MLA No need to use complicated sentences or words Instructions attached
Essay
English Language
Short Answer questions
The instructions on how to complete the assignment will be discussed on document named Assessment four final. There are three question, 500 words per question, this is a short answer assessment. Each question will not need a intro, body paragraph andf conclusion, just a introductory sentence and concluding sentence along with one reference for each one which..
Essay
English Language
The crescent and the star
So i have my introduction written down, but i cant seem to finsih the rest.(The link will be down below) For this essay, reflect on the ideas of Gefter's essay, and then with your smart phone or camera take a picture (i ended up just getting a photo online which was the cresent and the star(the symbol of the religion which is islam)..
Essay
English Language
(Personal Experience)
Write a 2-4 page essay on one of the topics below --Recount an incident or time when you experienced failure. How did it affect you, and what lessons did you learn? --Reflect on a time when you challenged a belief or idea or when one of your beliefs was challenged from the outside. What prompted that challenge? How did the matter resolve itself? --Discuss an accomplishment..
Essay
English Language
Disgrace Literary Essay
Requirements: Include an introduction with a clear thesis statement, body paragraphs, and a conclusion. Use specific supporting details from the book and at least two from outside sources. By outside sources I mean what others have written about the work (without using their words, of course, and giving them full credit). Do not open or close with biographical..
Essay
English Language
Essay Annalysis
(Assignment copied and pasted) Task 1:  Essay Analysis You will read the essay "The Citrusy Mystery of Trump's Hair" by Frank Bruni. 1) Identify the hook and thesis statement 2) identify all the transition words used to move the narrative through time ( first, next, then) or to add emphasis(however, therefore, moreover) 3) Identify the figurative language..
Essay
English Language
Narrative Essay
(Assignment copied and pasted) Narrative Essay You will write a written account of a true story about something significant in your life. Since this is a story, the narrative essay needs everything a story needs: •Has a plot •Has a theme or thesis •Has characters •Has a problem, conflict •Has a climax •Has a voice This Narrative essay needs to be 400-700 words in..
Essay
English Language
Personal Response Essay
(Assignment copied and pasted) In this task you will read the essay Don't You Think It's Time to Start Thinking? by NORTHROP FRYE. You will write a 250-300 words Personal Response Essay to this paper. *I've attached a pdf version of the essay and rubric
Essay
English Language
Write a Persuasive Essay.
READ INSTRUCTIONS BEFORE BIDDING Writing to Convince Write a Persuasive Essay. From your course textbook, write a persuasive essay based on the Writing for Life assignment at the bottom of page 202 (Scenario 1). For this essay, you are to choose a problem at your school (Florida National University) that you feel needs to be addressed (for example, parking)...
Essay
English Language
Novel Essay Assignment (1984)
this essay is about the novel 1984 by George Orwell, so the writer must be familiar with and can be able to meet the requirements and rubric of the essay, MLA Style. The Expository Essay: https://owl.purdue.edu/owl/general_writing/academic_writing/essay_writing/expository_essays.html Dover Beach: https://www.poetryfoundation.org/poems/43588/dover-beach..
Essay
English Language
Novel Media Assignment
this essay is about the novel 1984 by George Orwell, so the writer must be familiar with and can be able to meet the requirements and rubric of the essay, MLA Style. Propaganda: https://www.canva.com/learn/examples-of-propaganda/ Aphorism: https://images.search.yahoo.com/yhs/search?p=aphorisms+examples&fr=yhs-adk-adk_sbnt&hspart=adk&hsimp=yhs-adk_sbnt&imgurl=https%3A%2F%2Fimg.haikudeck.com%2Fmg%2F9B552ED2-CDF6-45A8-A095-D269FDF48B02.jpg&guccounter=1&guce_referrer=aHR0cHM6Ly9sbXMudmlydHVhbGhpZ2hzY2hvb2wuY29tL2NvbnRlbnQvT1NTRC12Mi9EZXBhcnRtZW50L0VORy9Db3Vyc2VzL0VORzRVL3Zlci1OL05vdmVsX1N0dWR5XzJfMC9Ob3ZlbE1lZGlhQXNzaWdubWVudC5odG1sP2QybFNlc3Npb25WYWw9T1hISjllWHQ2Z3NCNE16cmlHa3Y5ckdWaCZvdT02MjA3NyZkMmxfYm9keV90eXBlPTM&guce_referrer_sig=AQAAAJ7NDPPAAesdjJkOlSxuGiYuCLBltAML37eLRZTdHeCbYHrC-ElQgO6z9fyLBtxGv5V467V_-evcyJe8mqXsTS1PyyGifza5AjF-lQWQ_voM6fSydM9AP5Y7VzGQ4l_AJoKdh36C8eRuOhhZFbWSVMLMi9vgzk3gVeZ08yhYuaaz#id=10&iurl=https%3A%2F%2Fimg.haikudeck.com%2Fmg%2F9B552ED2-CDF6-45A8-A095-D269FDF48B02.jpg&action=click..
Essay
English Language
reading response
Read Ann Johns, "Discourse Communities and Communities of Practice: Membership, Conflict, and Diversity" Writing about Writing pp. 319-342. Please discuss the following in your response: What are some of the complications Johns outlines and discusses related to joining a discourse community? You should discuss and explain concepts such as: Cost of Affiliation,..
Essay
English Language
Write a Letter to a Representative
You just spent quite a bit of time researching information on a topic and developing a position on that topic. For this option, you are tailoring your argument for a single person and writing them a letter to convince them to care about this topic and to see it the same way that you do. You might consider the following: -It's helpful if you can introduce yourself as..
Essay
English Language
critical opinion
PRICE 30$
Manager and Leader
PRICE 30$
response paper 2
PRICE 40$

Studybay assignment progress timeline

Studybay is a freelance platform where you can order a MICROECONOMICS Discussion 4 paper, written from scratch by professors and tutors.
06 July 2019
User created a project for Business
06 July 2019
15 experts responded
06 July 2019
User contacted expert cyruses
06 July 2019
User hired expert cyruses who offered a price of $40 for the project and has experience doing similar projects
08 July 2019
The expert completed the project MICROECONOMICS Discussion 4 for 2 days, meeting the deadline
08 July 2019
User accepted the project right away and completed the payment
08 July 2019
User left a positive review

Other projects in this subject area

Week 9 discussion
PRICE 40$

Random blog posts

Integrated Marketing and sales communications used by HP
This research study analyses the marketing communication theories modified by Hp as it advanced to being the world's number 1 pc manufacturer in 2007. Its emergence as a worldwide company in 1957 opened a windowpane of opportunity. The ideas addressed will aid in forming a combination of the main element concepts utilized by Hp because of its global marketing campaign to increase customer loyalty and increase sales. Several practises are seen to have developed along various..
Advertising campaign
Marketing campaign
Marketing communication
Integrated Marketing Communication Program For Pillow
Executive overview: Various Cushion COMPANIES such as SATYAPAL AND ARCHIES etc. design various built-in marketing program. Although common objective of most IMC program is increase brand recognition, sales and design a unique image in customers brain. To be able to address and entice customer all Cushion companies release various campaigns. To communicate with general population and customers they advertise their marketing campaign on TV, magazine, online and radio...
Marketing campaign
Marketing plan
Advertising campaign
Integrated Marketing Communication Plan Hong Kong Disneyland Marketing Essay
Walt Disney's Parks and resorts section roots go back to December 16, 1952, when Walt Disney developed WED Enterprise to build up Disneyland in California. Walt Elias Disney, Enterprise was privately owned or operated by Walt Disney until 1963 when it merged into Walt Disney Productions. Through the onset of the Disney parks and resorts with the development of Disneyland in 1955, Walt Disney clearly defined Disney's marketplace as becoming a primary travel vacation spot for..
Hong kong
Hong kong disneyland
Integrated Marketing Communication Goals Marketing Essay
In this team assignment report, we had chosen Starbucks Company as the subject for Integrated Marketing Communication research. An Integrated Marketing Research strategy will be included to promote the business, product range or product and improve on the current strategies used. The Integrated Marketing Communication programs include creative strategy, press planning strategy, broadcast media strategy, print multimedia strategy, sales advertising strategy,..
Marketing communication
Starbucks store
Integrated marketing communication
Market industry
Starbucks malaysia
Integrated Marketing Communication Plan For Costa Coffee Marketing Essay
The objective of this research is to provide an integrated marketing and sales communications plan for Costa caffeine. The tactical plan strives to improve the sales of the business and expand the marketplace share of the business. The IMC arrange for the products of Costa caffeine target college students. The marketing objectives of the program are to boost the buys and uptake of Costa espresso products among university students. The strategy of providing savings to college..
Business enterprise
Costa coffee
Integral of sec x - the circular function of an angle. How to find the Antiderivative sec x and other useful information.
Secx or secant of x can be written in various forms such as, sec, cosec, and or cot can be defined as a trigonometric function like, sin, cos and tan. Forms of secx include the following: sec x = 1cos x cosec x 1sin x cot x = 1tan x = cos x sin x Secant can as well be obtained from complex number: secx = 2/[e^(ix) + e^(-ix)], where i is the imaginary unit that equals to sqrt (-1). In contrast to cos(x), finding the antiderivative of secant of x needs few calculus tricks. Moreover,..
Mathematics and Integral Definition
Mathematics is a vast field with many branches like geometry, algebra, and calculus. Calculus deals with the change in a quantity or function with respect to some defined or independent variable. Isaac Newton and Gottfried Leibniz developed modern calculus in the 17th century. Today, calculus is a highly developed and sophisticated field of mathematics that finds its uses in many fields of science. Calculus is used widely in science, economics as well as in engineering. Here,..
Insulin Creation From Genetically Modified Bacterias Biology Essay
e 1970s people suffering from diabetes mellitus used insulin from cattle pigs, but this was expensive frustrating. Moreover insulin from other animals was not exactly as identical to those in humans, causing many side-effects. Also many people were against the utilization of creature insulin for moral or religious reasons. This issue needed to be solved & in 1970's biotechnological companies started working of genetically modifying a bacterium to create insulin by..
Gene technology
Human being
Insulin gene
Insulin and Predicting Clinical Outcome
A. To recognize predicting clinical end result: Predicting clinical result in patients with incessant hepatitis C is screening. We utilized the hepatitis C long-term treatment against cirrhosis trial repository to create two models, utilizing routine estimations of routinely accessible research facility tests together with changes in these characteristics amid follow-up to foresee specialized medical decompensation and liver-related demise transplant in..
Inhaled insulin
Injectable insulin
Instructional Leadership Supervision Education Essay
Abstract: Leadership is a talk in every concern and everybody recognize how essential and valuable control is. Why some companies, clubs, and schools prosper as other fails? The credit or mistake generally goes to the manager, coach, or primary. In college' scenario the main has to agree to these outcomes, as he occupies a definite and key responsibility that has an effect on the quality of schooling. The questions about university circumstance are (i) what is the main purpose..
Teaching learning
What Is the Instantaneous Rate of Change?
For students who need to answer this question in their tests or academic assignments, there are certain examples and relevant terms that should be considered. For example, when you drive to a local shop, it’s obvious that you can’t go with the same speed all the time. This speed is not the only example when it comes to a rate of change that has 2 main types, average and instantaneous. If you can’t complete instantaneous rate of change homework for any reason, including your lack of..
Installation Of House windows 7 Computer Science Essay
It choosing an operating-system operating system, one should never only consider the features of his/her PC pc but also the compatibility of that Laptop or computer with the Operating-system of his/her choice. Windows 7 is compatible with almost all modern computers. The installation of Windows 7 is a lot easier and requires a shorter time than many other operating systems. Glass windows 7 comes in several editions including Venture, Ultimate, Professional and Home High..
Dual boot
Operating system
House windows
Glass windows
Installation And Configuration Of Honeyd Computer Technology Essay
As an Open Source solution honeyd will not offer any support or Graphical User Interface for installation or configuration. The foundation code should be downloaded on the honeyd sponsor, get compiled and the binary and settings data of honeyd be installed. Then your Honeyd binary file could be run from the command line line prompt of the Linux system used.
Useful information
Command line
Inquiry IN TO THE Death Of David Bennett
This essay aspires to critically analyse the Sir John Blofeld inquiry survey into the death of David Bennett in 1998, through the theme of institutional racism. In order to achieve this, I am going to give a quick qualifications to the inquiry chaired by Blofeld in 2001. This may permit me to echo upon the various aspects of this specific case and create a context for the inquiry. I am going to look at explanation of evidence structured practice to public work and seek to learn from..
Mental health
David bennett
Mental health services
Health services
Ethnic minority
Input and Output Devices in Computer
Name: THENG WEI JUN Question 1 A computer will get incoming data, functions them and produces an end result. Hence, in an average computer, there is An source device i. e, an integral board A Central Handling Device (CPU) I. e, a package and An output device i. e, a screen or a Aesthetic Display Unit (VDU). Discuss in detail how these devices work together to create information. Introduction A computer is an over-all purpose device that can be programmed..
Online learning
Central control
Control unit
Computer systems
Personal computers
Inpatient Environment Acute Inpatient Rehabilitation Nursing Essay
"Inpatient hospitalization is practical for major diagnostic, medical or healing services, where in fact the patient's condition or reaction to medication must be strongly watched" as identified by the Hays Companies (n. d). Acute inpatient rehabilitation is something that sponsors special rehabilitation services for patients whose medical ailments demand they stay for several night time or for a long-term stay. Patients experiencing a disease, disabled to self-reliance,..
Inpatient treatment
Inpatient rehabilitation
Innovative Methods Services UTILIZED BY Banking Sector Marketing Essay
Introduction A loan company is a financial institution licensed by way of a government. Its principal activities include borrowing and financing money Banks no more restricted themselves to traditional bank activities, but explored newer strategies to increase business and catch new market. -In the 1990s, increased emphasis being placed on technology and creativity.
Banking companies
Retail banking
Banking sector
Innovations In Continuous Internal Examination English Dialect Essay
The present system of one-shot summative analysis through the course end exam has been criticized (and also recognized by some) by some of the stakeholders of education system. The purpose of analysis is to see if confirmed programme is working, an institution is successful according to the goals set for it, and the initial intent has been successfully carried out. It means to find out social electricity, desirability or effectiveness of a process, product or a program and includes..
Creative imagination
Each every
Critical thinking
College student
Innovation Life Cycle Model for SAP
Introduction As a remedy to global competition, companies have increased the preface of technologically sophisticated products as well as adopted advanced systems and adjustments in organisational composition and processes. For many firms, the introduction of new products and services is the key point with their business strategy and a decisive factor for competitive strength and survival (Stumpfe n. d. ). . A firm's competitive position is determined by their capacity..
Accounting software
Innovation Tasks And Economic Return
1. Why do you consider innovation projects neglect to generate an financial return? In Innovation projects it's always an activity of learning a fresh thing or new outcome. For the reason that point throughout the job only the costs and expenditures are from the project. For example research and development, material cost and etc. as we can easily see only the bills are made up to the final point of the job where the final outcome appears. For instance if the company operates a..
Fairness cream
Complementary products