ONCEPT ASSESSMENT FOR GASOLINE AND INTERNET SERVICE

Assume you have two products one whose demand is elastic and the other inelastic with regards to price. USE market diagram to explain how an outward shift of the supply curve of each product might affect their equilibrium price and quantities holding everything else constant. For which product is the price and quantity effect greater? USE attaches EXCEL or some other graphing software to draw the graphs illustrating the processes. PLEASE follow the following guideline:

Identifies key assignment learning objective
Graphs are consistent with learned concepts
Discusses recommendations for understanding the concepts a for example use product examples to demonstrate different price elasticity assumptions
The paper is no more than 1 page in length.
Paragraph transitions are present, logical, and maintain the flow throughout the paper.
The tone is appropriate to the content and assignment.
Sentences are complete, clear, and concise.
Formatting or layout and graphics pleasing to the eye, including font, colors, and spacing.
Rules of grammar, usage, and punctuation are followed, and spelling is correct.
The document uses proper business memo format and follows APA format for the reference page.