Good Afternoon. I need help with my homework writing assignment for this class. The details of the assignment are listed below:

 

 

You are writing your paper as a consultant and you need to be clear and concise in your analysis and recommendations. In order for NSU to know whether they should increase tuition, it is imperative that they know the elasticity of demand. Here is why—

All price increases result in a decrease in quantity demanded and a loss of some customers. The law of supply and demand tells us that, because we have a downward sloping demand curve.

Elasticity of demand answers the question of how much the decrease in demand will be relative to the increase in price. In other words, how sensitive is demand to a change in price. If we can answer that question, then we will be able to anticipate the impact on revenue which, in turn, will help us to develop a pricing strategy for our business. Be sure to read Elasticity of Demand and Revenue in the announcements. Below is a summary of the relationship between elasticity of demand and revenue:

Inelastic demand: increase in price → increase in revenue and decrease in price → decrease in revenue

Elastic demand: increase in price → decrease in revenue and decrease in price → increase in revenue

Unit Elasticity: increase or decrease in price → no change in revenue

In a three- to five-page paper (not including title and reference pages), provide subheadings or separate paragraphs for each of the questions listed in the assignment requirements to help focus your paper for the executives that have requested it. Support your paper with at least two academic sources from the Ashford Library.

You are required to format you paper according to APA style guidelines. See the Writing Center for APA guidelines. You must include a title page and a reference page.

Please use good writing mechanics and check your work!

Will this necessarily result in more revenue? Under what conditions will revenue (a) rise, (b) fall, or (c) remain the same? Explain this process, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment. If the true price elasticity were -1.2, what would you suggest the university do to expand revenue? If you were the president of NSU, how would you tackle this problem based on what you have learned in this course?

 

Please assist... I need Help!

 

Thank you,

 

Andrea Jones

SuperTutor

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Status NEW Posted 12 Jul 2017 03:07 AM My Price 7.00

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