Consider the Price Elasticity of Demand. Explain how a solid understanding of this, in conjunction with other economics concepts, can help a business improve its performance (e.g. increase sales revenue).
Combine theory with practical examples. o This paper is not a summary of economics concepts and research. This is an analysis.
Your analysis should be of one product and/or company.
Your examples must reference real data. Examples should not be hypothetical.
Please stay on topic.
In addition to using and citing the textbook, please use at least one additional reference source (a respected/reputable website, as an example, would be fine). o Sources such as blogs, social media sites, and Wikipedia are not viewed as respected/reputable.
Sample Solution