The following information describes the requirements for your
response: It must be at least three paragraphs long (more is
usually better), grammatically correct, and demonstrate that you
understand and can apply the concepts covered in the second
competency module. When writing your response, follow the steps
listed below in the order that they appear.
Step One: Begin by describing the process for calculating price
elasticity of demand. Then, using fictitious numbers, calculate the
price elasticity of demand for donuts at...