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ECO561 / ECO 561 / Learning Team Assignment: Scenario Analysis VERSION 2

ECO561 / ECO 561 / Learning Team Assignment: Scenario Analysis VERSION 2

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Published by Number1Tutor
Learning Team Assignment: Scenario Analysis
 Review the University of Phoenix Material – Will Bury’s Price Elasticity Scenario introduced in Week One. You may also use information from your own organization. If you use your own organization, get approval from your instructor before proceeding.
 Prepare a 350- to 700-word report where you explain the following concepts in the context of the Will Bury scenario:
o The effect on revenue when there is a change in price (assuming competitors do not follow)
o Estimate the elasticity of demand in your scenario using either the arc method of elasticity or base your estimate on the number and closeness of substitutes (including foreign substitutes)
o Justify your estimate of the elasticity
Learning Team Assignment: Scenario Analysis
 Review the University of Phoenix Material – Will Bury’s Price Elasticity Scenario introduced in Week One. You may also use information from your own organization. If you use your own organization, get approval from your instructor before proceeding.
 Prepare a 350- to 700-word report where you explain the following concepts in the context of the Will Bury scenario:
o The effect on revenue when there is a change in price (assuming competitors do not follow)
o Estimate the elasticity of demand in your scenario using either the arc method of elasticity or base your estimate on the number and closeness of substitutes (including foreign substitutes)
o Justify your estimate of the elasticity

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Published by: Number1Tutor on Feb 18, 2011
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