ECONOMIC QUESTION

ECONOMICS QUESTION

  Discuss the “Proportion of Income Devoted to a Good” concept by contrasting two products typically purchased each month.1.  Address, in your discussion, specific examples of how the same percentage change in the price of both goods affects the percentage change in the quantity demanded for each of the two goods. 2. Identify by price range the areas on the demand curve where demand is elastic, inelastic, and unit elastic using the attached “Graphs for Elasticity of Demand, Total Revenue.”3.  Explain the corresponding impact on total revenue for each of the three price ranges indentified in part G.

Please Follow Instructions

identify (and provide the URL) a Web site you visit frequently and identify 3 features of the site that cause you to return to it. Write a summary for each of the features and the location on the site where it can be observed. As an example you may choose to address (or select your own features):

·  The variety of products and services it offers

·  The information or reviews pertaining to the products,

· The ease of making a purchase, Access to chat rooms, Promotional offers, and Newsletters.

Go online and conduct a search on customer affinity. Select a company that provides customer affinity services and write one paragraph to address each of the following items.

· The services the company offers.

· How one gets started.

· The fee for the service (you may need to e-mail the company to get basic fee structure).

in 500-750 words (12 pt. font) prepared in a Microsoft Word document. The paper should be single spaced and sources should be used to support your conclusions. Remember MLA format has citations in the work as well as a works cited page at the end of the paper. This is always the last page.