Essays on Ped

ASSIGNMENT ANSWERS

Question 1 Price Elasticity of demand (PED) can be defined as the measure of the relationship that occurs between the difference of the quantity which is demanded for one good and the difference in its price. It helps to discover to what extant good is sensitive to changes of the price (Cordes, Ebel, Gravelle 2005). The formula for PED = % Change in Quantity demanded / % Change in the Price. A product is sad to be price elastic or responsive to price changes when a small change in price causes a more than proportionate change in the demand of the product. ...

Guo (2012) gives the explanation for the concept of price elasticity of demand. It is simple and, when you think of it, obvious. With a very few exceptions, price increases will drive demand down. Interestingly enough, the controversy over EpiPens in the news today provides a good example of price elasticity of demand. The classic example is a drug addict or the slightly less addicted cigarette smoker. Price was essentially irrelevant to demand to these groups of consumers. The converse condition is also, then, true. Products that are commodities are essentially perfectly price elastic. Gas wars, for example, are ...

Introduction

Athletes dedicate their precious time in practicing and training in the hope of ultimate reward for their flawless performance. The competitive environment and passion for winning add extra motivation to their will to succeed. For a perfect athletic performance, a healthy and strong body is a primary necessity. To achieve new limits in their career athletes take good diet and a proper training and exercise regime. Literature suggests that the use of vitamins and nutritional supplements also contribute to enhancing the performance. Performance Enhancing Drugs (PED) are newly discovered options that can be presented as the next step in ...

STEROID ERA IN BASEBALL

Introduction The term steroid era in baseball came about because of the players in major league ball using substances to boost their strengths in order to make more home runs or be better in blocking people. Though this era is not well documented therefore it is very difficult to know when it started or whether it has ended or will end in the near future. The major period that is considered to have hit the most was in the late 1980s when baseball era was almost dying until the late 2000s. In 1991 steroid use was banned from ...