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Hey guys, So I've decided to do my EE in Economics SL, using the market failure chapter and perhaps elasticity if it ties in to it. My topic is essentially: As part of "Ontario's Five Year Climate Action Plan 2016-2020", the Canadian Liberal Party has decided to reduce pollution and improve the environment. One of the ways this will be done is by subsidizing additional cycling infrastructure to increase the use of bicycles by commuters. In an economic sense, this would generate positive externalities of consumption (healthier commuters, and less congested roads), so I'd like to evalu
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Hi everyone! I have recently roughly completed the bulk of my Extended Essay which asks to what extent the demand for one brand is price elastic in comparison to 2 other brands. ( one is inferior and another is the same range but based in a different country) Sorry the question isn't specific, I'd just like to avoid others from stealing ideas! What I'd like to ask is how to analyse and evaluate a question like this. I've roughly analysed it using economic theory but I'm afraid I haven't done it in-depth . I'm really bad at these two skills also Also, is there any primary/secondary resear
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Starting with a definition of elasticity, this pdf contains in depth information on the different type of elasticity of demand and supply, how to calculate elasticity, the factors of elasticity, real life examples of elasticities and firms, and the relationship of elasticities and government. Great review for studying for tests.-
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