Own price elasticity of demand, taxes

3 Pages
87 Views
Unlock Document

Department
Agriculture + Resrce Econ
Course
AREC 202
Professor
Christopher Goemans
Semester
Fall

Description
19 October Term paper Can pick a topic or use data given on Aplia Look at syllabus for more info Due 30 November Lib.colostate.edu Academic journals Click on articles & databases Click on E (economics) → econ lit Or W (web of science) Last week Different types of elasticity Own price elasticity of demand E PD E D CP D E I E PS Own price elasticity of demand Effect of ΔP on revenue Assume you can control price Want to get more money – do you raise price? QE: quantity effect on revenue PE: price effect on revenue If both come to ask how to raise revenue Tell asparagus grower to lower prices Tell cigarette manufacturer to raise prices The QE is greater than PE for elastic goods Vice versa for inelastic goods Unit elastic goods, QE = PE Last th
More Less

Related notes for AREC 202

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit