ECO 205 Week 2 CheckPoint Industry Research Part I

ECO 205 Week 2 CheckPoint Industry Research Part I

You will demonstrate information literacy through preparing and gathering information for the activity due this week.

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Select an industry that is affected by the economy, such as the airline, automotive, home building, or technological industry. Keep in mind that you will use the industry chosen throughout the course.

Find at least two sources to help you answer the following questions about the industry you chose.

For what purpose were these sources created?

Who is the intended audience for these sources? What factors helped you identify the audience?

What specific criteria did you use to select these sources and to eliminate other potential sources?

In your chosen industry, is price elasticity of demand considered elastic or inelastic?

Are there substitutes available? Is the good a luxury or a necessity? Explain.

What is the price elasticity of supply for your chosen industry? Explain.

Review Appendix B Example for model entry.

Organize your research for this week using the annotated bibliography template in

Appendix B. For each entry in the annotated bibliography, include an APA-formatted reference and a summary of the major points in the article or Web site.

Post Appendix B as an attachment.