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

Managerial economic - Assignment ExampleThe prices of goods and service we purchase in the marketplace can have an flexible or inelastic demand. Three items I recently purchased are umber, premium ice cream, and a book to watch an entertainment event. The first product coffee has an inelastic demand because its demand is not affected by price. The other two products have 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 antithetical price for the same product at the same store. For example universities are participants of price discrimination. International students postulate charged a higher price for bringing up 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