BUA4003 Analyzing Elasticity: Impact on Electric Vehicle Manufacturers and Processed Food Tax Strategies

Assessment 2: Elasticity: 1400-word assignment.

This assessment is worth 30% of total marks in the subject.

Knowledge of the concept of elasticity is critical for business and governments as it plays a crucial
role in understanding the behaviour of consumers and producers in the market. In particular,
concepts such as price elasticity of demand, income elasticity of demand, and price elasticity of
supply can inform the strategic choices of business and guide government policy formulation.

This assignment consists of two separate tasks that must be submitted at the same time. Your
response to each task should be no more than 400-500 words plus diagrams. Use headings for Task 1
and Task 2.

Your responses must draw on real world examples and include appropriate diagrams.

Task 1:

Imagine you are a consultant economist and your business has been contracted to provide advice to
a producer of electric vehicles about the importance of elasticity to their strategic choices. Prepare a
short report that addresses how the various types of elasticity impact the business. (400-500 words
plus diagrams).

Task 2:

For this task you should consider yourself in the role of an economist in a central government agency
like Treasury. In your role you evaluate issues relating to economic policy proposals. Your task here is
to provide a report about the impact of a tax levied on processed foods that contain high levels of
salt. The aim of this policy is to reduce consumption of unhealthy foods. You should focus on the
importance of elasticity on the achievement of the objectives of the tax and discuss any potential
unintended impacts of the tax (400-500 words plus diagrams).

Intended Learning Outcomes:

1. Apply economic frameworks for policy and business decision-making.
2. Research and apply economic concepts to predict how changes in economic conditions may
   impact individuals, businesses and industries within market structures.
3. Critically analyse economic data to explain relationships between economic variables and
   their impacts on policy, business and individuals.
4. Construct and present logical and persuasive economic arguments and communicate
   concepts professionally.

Are you struggling to keep up with the demands of your academic journey? Don't worry, we've got your back!
Exam Question Bank is your trusted partner in achieving academic excellence for all kind of technical and non-technical subjects. Our comprehensive range of academic services is designed to cater to students at every level. Whether you're a high school student, a college undergraduate, or pursuing advanced studies, we have the expertise and resources to support you.

To connect with expert and ask your query click here Exam Question Bank