Managerial economic Assignment Example | Topics and Well Written Essays - 250 words

Managerial economic - Assignment ExampleThe prices of goods and value we purchase in the marketplace can make believe an elastic or inelastic demand. Three items I recently purchased are coffee, premium ice cream, and a ticket to watch an entertainment event. The first crop coffee has an inelastic demand because its demand is not affected by price. The other two products wee elastic demand. If the Ice cream or the entertainment ticket would have been too expensive it would have been possible that I would not have purchased the items.Price discrimination occurs when one customer is charged a different price for the same product at the same store. For compositors case universities are participants of price discrimination. outside(a) students get charged a higher price for education than American citizens. The Avatar 600 P.M. example also qualifies as price discrimination. The people that enter the first movie run which starts prior to 600 P.M. get charge at times less than the pe ople that go to the theater in the