From the case analysis, the price of customized number of plates changed from $25 to $75. The change in price resulted to a reduction in the number of plates ordered by citizens of Texas from 150,000 pieces to 60,000 pieces. The price elasticity calculation resulted to be -0.86. This can...
Two microeconomic and macroeconomic principles The simulation concerns a supply and demand for two-bedroom rental apartments in Atlantis. Several factors affect the demand and supply of two-bedroom apartments leading to a shift in both the demand and supply curves. One of the microeconomic principles in this simulation is the law...
JC Penny’s quote indicates clearly that friendship is the foundation of every great or successful business. I personally agree with the quote because the concept of friendship makes it easier for customers to feel appreciated and empowered. The friendship becomes a powerful attribute that promotes positive customer service delivery. A...
Introduction The 2008 financial crisis also known as “The Great Recession” is considered the worst economic collapse in modern history. It originated due to significant mismanagement and abuse of the financial market, primarily due to the use of subprime mortgages. Despite numerous regulatory measures in place, the federal government and...
The articles reviewed in this annotated bibliography are relevant to the proposed research because they contain investigative information on how the social networks and the investment habits of people in the stock markets relate. The articles have parallelism that information sent to investors through social networks affects their preferences in...
Price elasticity of demand Price elasticity of demand gives information on the degree with which changes in the price of a commodity affect the quantity demanded of a commodity, holding other factors affecting demand constant (Bade and Parkin 89). Income elasticity of demand Income elasticity of demand measures the sensitivity...