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Demand and Supply, Price Elasticity

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Assignment Background:
THE DEMAND AND SUPPLY MODEL
Case Assignment Readings
Required Reading
To start off, read Chapters 1 and 3 from the following book. Don't worry, these chapters are short and will give you an introduction to the topic of this module:
Stengel, D. (2012). Managerial Economics Principles. Flat World Education. http://2012books.lardbucket.org/books/managerial-economics-principles/index.html
Now read Chapters 2 and 4 of the following book to get a more detailed overview of the concepts for this module:
Beveridge, T. M. (2013). A Primer on Microeconomics. [New York, N.Y.] [222 East 46th Street, New York, NY 10017]: Business Expert Press. [EBSCO eBook Collection] (Attached)
Links to Demand, Supply, and Market Equilibrium
Required Reading
Thomas, C.R., and Maurice, S.C., Managerial Economics, McGraw Hill (2008) Power Point Presentations available at http://highered.mheducation.com/sites/0073402818/student_view0/chapter2/powerpoint_presentation.html
http://highered.mheducation.com/sites/0073402818/student_view0/chapter3/powerpoint_presentation.html
Links to Marginal Analysis
Required Reading
Thomas, C.R., and Maurice, S.C., Managerial Economics, McGraw Hill (2008) Power Point Presentation available at http://highered.mheducation.com/sites/0073402818/student_view0/chapter4/powerpoint_presentation.html
Links to price elasticity of demand
Required Reading
Thomas, C.R., and Maurice, S.C., Managerial Economics, McGraw Hill (2008) Power Point Presentation available at: http://highered.mheducation.com/sites/0073402818/student_view0/chapter6/powerpoint_presentation.html

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A report containing over 1000 words is attached. An Excel file showing the computations and formulas is attached.

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Solution provided by:
J Pye, MSc
Education
  • MSc, California State Polytechnic University, Pomona
  • MBA, University of California, Riverside
  • BSc, California State Polytechnic University, Pomona
  • BSc, California State Polytechnic University, Pomona
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