Elasticity Case Studies Samples For Students

Apple Anti-trust Case

Facts to the case
The publishers of the books were able to control the prices of e-books but with Amazon Company selling the books at a cheaper price, the publishers could not control or raise the prices at will. Amazon was using a discounted model strategy to sell the publishers' books, but the publishers could not keep up competition. This is because they considered the price to be very low and could not compete individually with Amazon.
The publishers, therefore, ganged up and collaborated in order to alienate and force the Amazon to sell the books at the publishers ...

This paper analyzes the effects of certain events on the price and quantity of milk, considering that other factors are constant and equal. The analysis includes information about changes in quantity supplied and quantity demanded, and shifts in the demand curve and the supple curve. Analyzed events appear as subheadings throughout the paper.
- A scientific study shows that consumption of milk is beneficial for healthy bones
First of all, let us analyze the effect that this event would have on the quantity demanded of milk on the market. According the law of demand, quantity demanded of a ...

Landmark Antitrust Case Study Assignment

Dr. Mozayeni

Assigned #:__________________________
Monopoly 221 U.S. 1, Standard Oil of New Jersey v. U.S. (1911)
1. Write a 100- word abstract of the case, including the date of the case.
The Standard Oil of New Jersey v. U.S. was a case that took place in 1911 and gave the Supreme Court gave its verdict on May 15, 1911. In this case, the Supreme Court of the United States found Standard Oil of New Jersey as being guilty of engaging in monopolistic and anticompetitive actions. These actions of the Standard Oil were as an attempt to monopolize the ...

Introduction

Elasticity of demand is a measure of responsiveness of the quantity demanded of a good or service to a price change of the said good or service. This responsiveness is usually influenced by several factors, including the availability and price of substitute goods, the price of complimentary goods and nature of the good, the percentage of consumer income used to purchase the goods or services, the necessity of the good and brand loyalty. Following the inverse relationship between price and demand as stipulated by the law of demand, the elasticity of demand is usually negative, and it is only in special cases ...

1(a) The use of tobacco follows the law of demand as evident from the inverse proportion of prices of tobacco with the consumption of tobacco. As the prices go up, the consumption falls. The economic theory of tobacco demand assumes the presence of an individual’s function of utility. The utility for an individual from consumption of tobacco depends on the amount of tobacco consumed derived from the taste and satisfaction of the individual. The constrained maximization determines the tobacco’s demand function where the consumption of tobacco is related to the price of tobacco, prices of substitute products, ...

What is a cartel? (5 marks)

The companies in a market might collude to set the prices by making explicit or implicit agreements between them on the market price, sharing the market geographically, or controlling the quantity supplied in the market. The agreement between the companies in a specific market might create an oligopoly behaving like a monopoly. The companies might set the price, and all the agreement partners might obey the agreement. If the companies can create a large market power, they might behave like one monopolist. Cartel is the situation of existence of an explicit or implicit agreement between the companies in a ...

Question 1:

Rooms = C + b price

Regression results:

Marriott price:
The Marriott price coefficient is negative; this means that as price increases, the number of rooms booked decline.
Significance:
The R squared value is 0.97, this means that the price explains 97% of fluctuations in rooms booked. The p value is also less than 0.05 meaning that the coefficient is significant at this level.

Interpretation:

The coefficient value is -2.76, this value means that when price is increased by one unit, the number of rooms booked decline by 2.76.

Question 2:

Prediction:
The model:
Rooms = 2006.58 -2.76 price
$99
Rooms = 2006.58 ...

04 September 20XX

With regard to the question “should marijuana be legalized,” we conclude the answer is “yes.” This conclusion is made based on the economics of the issue. The existing system involves significant expense to local government with no appreciable result. Marijuana remains readily available virtually anywhere in the nation, decades of the war on drugs notwithstanding. That a demand for this product exists is undeniable. Continued criminalization will accomplish nothing beyond driving costs up marginally. The evidence is seen in the results. To continue to do the same thing and expect a different result is one classic ...

Introduction

Economics is a field which has its active recognition n almost every walk of life and it is an important thing as well . Alfred Marsha and Adam Smith are known as the founder of Economics who invented it. According to both of these individuals, Economics is the name of how to earn the money and how to consume it in a perfect and well organized position.
There are two different branches of economics, which are microeconomics and macroeconomics. Microeconomics is the branch of economics that deal specifically with the economics of individuals while macroeconomics is the name of economics that ...

The United States district court for the District of Columbia is a case that was brought against Anheuser-Busch InBev SA/NV (ABI) to oppose the acquisition of Modelo group by ABI. It was brought up since the government felt that the proposed merger was violating the law through illegal ownership or acquisition of another firm. In addition, the government felt that the acquisition was threatening fair competition in a free market, and the consumers would suffer most as a result of the merger.

Facts to the Case

- The case involved two beer companies in the United States, which were ABI and Modelo Company. The two were ...

Introduction

DEA is the Data Envelopment Analysis. It is a non-parametric approach used in investigates for the assessment of production frontiers. It is used to assess the relative efficiency of various units, called DMUs in the language of DEA. DEA uses multiple inputs and outputs to estimate the efficiency and for benchmarking the best performing units.
The structure of the market economy is a concept with many aspects. In particular, the structure of the market economy can be characterized in terms of the competitive relationship, the degree of their development. There are several approaches to the study of the structure. In ...

You Make the Call, #3, Chapter 16, Page: 495

Question #1 What does the nature of this industry suggest about the elasticity of demand affecting Bowlin’s pricing?
In the information given about Bowlin, it is said that it is not a must for the firm to reduce its price but rather improve the quality of its work. This means that the service provided by Bowlin is a necessity and therefore, the price reduction might have less influence on the customer demand on the service of the company. The service provided is fairly elastic but its elasticity relies on the quality of the service offered by the responsible firm ...

Introduction

Modern day health care systems focus on offering holistic care that is patient-centric, safe, effective, efficient and timely. To this end, medical practitioners must have a diverse set of skills and knowledge from pharmacology to human anatomy and physiology. Of this, a sound understanding of anatomy and physiology are critical in provision of care for long term care. Physiology is the study of function in living systems while anatomy is the study of structure in living things. These two disciplines have been central in the delivery of health services since Ancient Greece where philosophers such as Aristotle explained the relationship between ...

Analyzing Case Study about Adolph Coors in the Brewing Industry

Section I: Introduction
Adolf Coors started his brewing company in 1873 in Golden, Colorado. Primarily, the beer product was not intended to be as it is today because of the prevailing regulation on alcoholic drinks during that period. However, as soon as the prohibition was lifted Adolf Coors’s company started to make the actual beer product and immediately sold 90,000 barrels. The success of the company allowed them to expand distribution territories by appointing independent wholesalers in Colorado and Arizona. Soon after, Adolf Coors’ company is selling beers in 44 states by 1985 with annual uninterrupted ...

PSYCHOLOGICAL ASSESMENT

Mental Status and orientation: Mr. BR knows his name; when and where he was born, time of the day and could read a clock. He even recalls his parents,’ children and grand children birth days. Politics did not interest him, but he quoted scripture in support of his personal philosophy.

Changes in self image due to aging and retirement: Mr. BR displays an interesting self image claiming that he is as old as God and young as the Holy Spirit. As such, he did not contemplate on age since it was simply a parenthesis of life itself. He said that he ...