Microeconomics Price Elasticity Total Revenue Demand Schedule Worksheet No outside resource, personal thought with elasticity knowledge topic: elasticity,

Microeconomics Price Elasticity Total Revenue Demand Schedule Worksheet No outside resource, personal thought with elasticity knowledge

topic: elasticity, price elasticity of demand, total-revenue test

300-500 words

specific instructions are in the attachment

Grading Criteria:

Strong/Mastered (9-10 points): the main idea is clear; numerous details are used to develop the main idea; the logical pattern of the text organization; each paragraph focuses on one strong supportive point; topic subject applied to industry examples and relative statistics where it is relevant; text is free of grammatical, orthographic, formulation, and proofreading errors.

Adequate/Validated (6-8 points): the main idea is clear; sufficient details are used to develop the main idea; the logical pattern is present with perhaps minor inconsistencies; the topic subject is supported by examples; the text may contain some grammatical, orthographic, formulation, and proofreading errors.

Weak/Developing (1-5 points): the main idea is unclear or ineffectively placed; very few or no details are used to develop the main idea; a logical pattern of the text is not obvious; the topic subject is not supported by examples; there are frequent grammatical, orthographic, formulation, and proofreading errors.