– Analytical Report
Write a short analytical report (3 – 4 pages) on two topics: shortages / scarcity and point elasticity / arc elasticity and specifically address the following points:
Explain the difference between shortages and scarcity. In answering this question, you should consider the difference between the short run and the long run in economic analysis.
Explain the difference between point elasticity and arc elasticity. What problem can arise in the calculation of the latter, and how is it usually dealt with? (Please use actual business examples).
Use the template that is attached.
You must perform research in the CALU library to complete this assignment. The paper should include 1 quote, 1 website source, and 1 textbook source. The VeriCite score for this paper should be less than 15%. Additionally, all citations must have matching references.
Below is a recommended outline.
Cover page (See APA Sample paper)
Introduction
Purpose of paper
Thesis sentence
Body (Cite sources using in-text citations.)
Main point 1
Example or evidence
Evidence (support from the literature)
Student’s original thoughts and ideas about the section’s content and a concluding thought
Main point 2
Example or evidence
Evidence (support from the literature)
Student’s original thoughts and ideas about the section’s content and a concluding thought
Main point 3
Example or evidence
Evidence (support from the literature)
Student’s original thoughts and ideas about the section’s content and a concluding thought
Conclusion – Summary of main points
Lessons Learned and Recommendations as needed
References – List the references you cited in the text of your paper according to APA format.
– Quantitative Analysis
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