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Papers On Economics And Economic Theory
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Price Elasticity
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This 5 page paper explains what is meant by price elastic and how it can be used to calculate the impact of demand when a price changes and how this may impact of total revenue. The paper explains the difference between elastic and inelastic products, and how competitor may behave, with consideration of cross elasticity of demand. The bibliography cites 3 sources.
Filename: TEelast1.wps

Price Elasticity
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This 12 page paper examines the concept of price elasticity and the variables the may impact on the demand function. The paper starts with a review of the theory and then gives a practical demonstration using a fictitious survey and one inelastic product and one elastic product. The bibliography cites 6 sources.
Filename: TEpriceela.rtf

Price Elasticity and Pricing Strategy
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A 5 page paper assessing the effects of the marketing department's recommendation that a producer of an unnamed product lower prices by 10 percent. The purpose here is to assess the effects of this action on profits and competitive responses. The paper considers the 4 Ps of marketing, price elasticity issues and effects on profits with and without competitive response. The most likely reaction will be that the producer gains a great advantage early on, which will begin to decline as competitors also reduce prices. The producer will gain less benefit as more competitors follow suit, for the consumer will have many choices of product at lower prices, rather than only the one of the early days of the price reduction. Bibliography lists 4 sources.
Filename: KSmktgPriElas.rtf

Price Elasticity Of Demand - VCR Market
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This 5 page paper begins with an explanation of price elasticity of demand, price elasticity of supply and price elasticity of income, including formulas and examples. The writer then discusses the price elasticity of demand of VCRs, including data regarding sales in the late 1980s and the declining sales in recent years. Bibliography lists 5 sources.
Filename: PGelsvc.rtf

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