Two Questions: First questions is a discussion (9 long paragraphs) and the second question is a 5 page APA essay about economics.( Chapter 4/5:Demand Elasticity and Application) Managerial Economics. Articles has to be Peer Review Articles from University Library or Google Scholar in APA style.( not from internet search). I can provide the articles.
- 1–Discussion type: write 9 long paragraphs( in blocks of 3) about: “In the market for medications, there is a difference in demand for medications that are under patent, medications that have a strong name brand, and medications that are generics. Discuss the differences in demand for these three different types of medications. Be sure to discuss these differences using the concepts of price elasticity of demand, cross price elasticity of demand and income elasticity of demand.”
- 2- Second Question: Essay APA Style 5 pages ( Introduction, body, conclusion) (not including first and references pages for the 5 pages): “Prepare a report on the market for organic foods in the United States. The paper is to be a report on the market for organics, using the determinants of demand, determinants of supply, and how supply and demand determine price. The focus of the paper should not be on the health benefits of generic goods, but on the demand, supply and price dynamics of the market for generic foods.”
- Your paper should have an introduction, body and conclusion.
- There should be at least five (5) references at the end of the paper, using APA format. Peer Review( I can give)
- Remember this is not just a report on organic food, but an economic analysis of the market for organic foods. The paper should discuss the demand for organic foods, the supply of organic foods, and then the resulting price of organics. Be sure and ask if you have any questions.