A 6 page paper. The first part of this essay reports an article from the WSJ about the supply and demand of oil and corn, explaining how the demand impacts the supply and the affiliated cost issues. The second part of the paper discusses the law of diminished returns and provides three specific examples. Bibliography lists 4 sources.

This 3 page paper explains the law of supply and demand, the concept of scarcity and the concept of choice. The essay then explains the interaction and how scarcity and choice affect supply and demand. Bibliography lists 3 sources.

This 5 page paper answers questions on elasticity and supply and demand. The first questions demonstrates how to calculate price elasticity of demand and applies it to a scenario provided by the student, using the calculated elasticity to forecast changes in demand at different price levels. The second part of the paper look at the way price is determined by the supply and demand relationship and show how changes in the supply or the demand will impact on price, this is explained clearly and demonstrated with supply and demand graphs. The bibliography cites 6 sources.

A 5 page paper assessing several points of economic consideration regarding the operation and potential expansion of a small, one-location swimming pool service and supply business. Questions address topics including elasticity of demand; law of diminishing return; economies of scale; potential price strategies; and business expansion possibilities. EPS is in an ideal position to enhance its business results without the need for a great amount of additional effort or cost. The paper recommends it increase its number of commercial accounts and increase retail sales. Bibliography lists 4 sources.

This 14 page paper examines the way in which prices of branded drugs, and the related profit they create for the pharmaceutical companies, is impacted when patents expire and the branded drugs have to compete with generic products. The paper considers how the law of supply and demand manifests in this market where an increase in supply does result in a reduction of prices and to what extent this occurs. The paper also looks at the US Hatch-Waxman Act which was introduced to decrease the barriers of entry for the generic drugs whilst the patent periods were extended. The bibliography cites 5 sources.