# ECO 202 Discussion – Elasticity

Learning Goal: I’m working on a economics question and need an explanation and answer to help me learn.

## Purpose

Evaluate price elasticity of demand for a product you are familiar with.

## Directions

Initial Response: Choose a product which you are familiar with. Using the internet for research (please cite your source), what is the price elasticity of demand for this product or group of products? What does that mean with respect to a 10% increase in the price of this good? What happens to quantity demanded?

Which of the 4 determinants of price elasticity of demand do you believe drives this outcome about the good’s price elasticity? If there is more than one determining factor, please explain your reasoning. [for many goods, all of the 4 determinants come into play – I just want you to choose the one or two that you believe are most relevant).

Note: You will not see other students’ responses until you post your own.

Contribution to Discussion: Reply to a student posting by answering this question (you must choose a post with no replies): do you think the product would ever go on sale? Why or why not?

Criteria Points
Required Response

• Completed all tasks and answered all questions by the posted due date
• Wrote substantive postings of at least 1 paragraph
10 points
Use of Terms and Ideas Learned

• Used terms from readings correctly where appropriate
• Used ideas from readings correctly (with citation) to clarify, explain, or support an argument
10 points
Contribution to Discussion (Reply to classmate)

• Replied in thoughtful, meaningful, and helpful ways
• Advanced the discussion whenever possible
10

points

Total 30 points

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.