Law of Demand, the Law of Supply, and the Price Elasticity of Demand in business

Economics 102 – Final Paper Consider the Law of Demand, the Law of Supply, and the Price Elasticity of Demand. Explain how a solid understanding of these, when combined, can help a business improve its performance (e.g. increase sales revenue). ➢ Combine theory with practical examples. ➢ In addition to using the textbook, please use at least one additional reference source (a respected/reputable website, as an example, would be fine). ➢ Please cite when necessary. ➢ By the due date, please email me a copy of your paper in Microsoft Word format or PDF format only. ➢ Your paper should list your full name, and should have a cover page and bibliography (list of works cited). ➢ Your assignment should be formatted as a formal paper. ➢ Your essay should be approximately two (2) to three (3) pages in length.