Analyze the income elasticity of demand


Questions:

QUESTION1: Bring the above information to class no later than Monday April 4, 2016.

QUESTION2: Open this Market Structures spreadsheet. It is the format from which your paper an presentation are to be constructed.

QUESTION3: Visit the company's website, read its corporate materials, and identify its PRIMARY PRODUCT.

QUESTION4: Analyze the price elasticity of demand.

QUESTION5: Analyze the price elasticity of supply.

QUESTION6: Analyze the income elasticity of demand.

QUESTION7: Using cross-elasticity of demand, identify the industry or product group for the company's primary product.

QUESTION8: Identify the company's geographic market: local, regional, national, or international.

QUESTION9: Based on your answers to HINTS #6 and #7, identify the company's rivals.

QUESTION10: What is the structure of the market (# of buyers and sellers, homogeneous or heterogeneous product, information and/or transportation costs, and entry barriers).

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Microeconomics: Analyze the income elasticity of demand
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