Project #106540 - ECON 294 - Short research Paper

Your assignment is to write a short (2-3 page, double-spaced, typed) essay identifying and describing two markets of your choosing; the first characterized by an elastic demand and the second one by an inelastic demand. Indicate why your choices have the relative elasticities they do.

Hint: Use the determinants of elasticity to sort why some products are elastic and others are inelastic.

  • Market One: What are some of the goods you purchase in your life for which your demand is most elastic? Why?
  • Market Two: What are some of the goods you purchase in your life for which your demand is highly inelastic? Why?

Hint: Use the determinants of elasticity to sort why your choices in Market One are elastic and why the choices in Market Two are inelastic.

 

Grading Rubric:

Paper should be around two pages in length and submitted as one assignment saved as a MS Word (.doc/.docx) or .rtf (Rich Text Format) file. They should be superior work, edited carefully for grammar and style, and also include a separate cover page and works cited/references. Good dropbox assignments contain relevant references properly cited using APA Style. All should cite references according to the APA

 

 

Criteria Description Points
Content The answers show a clear understanding of relevant economic concepts, ideas and/or central points inquired about. Answers are clearly defined and supported by concrete substantial and relevant evidence or examples. Major points are explained with a degree of specificity. There are no errors of omission for the question posed. 30
Organization and Mechanics The answer is organized in paragraphs that are unified, coherent, and effective, with transitions between ideas. All sentences are correctly constructed, logical and complete. All writing avoids spelling errors, awkward language, improper grammar, flawed punctuation, and other technical mistakes. 10
References, Citation and Format Appropriate scholarly references are utilized and properly cited. The assignment is in a standard type 12 point font. A cover page and reference page are included. The assignment is submitted in Word (.doc) or (.docx), Ascii (.txt) or Rich Text Format (.rtf). 5
Punctuality The dropbox must be submitted by Sunday at 11:59 pm CT. A per diem penalty accrues every day the submission is late. 5
Total   50

Subject General
Due By (Pacific Time) 02/01/2016 12:00 am
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