Forum Post

I need a 150-200 word reply to each of the following forum postings:

Forum #1 – Microeconomics

Analyze the determinants of the price elasticity of demand and determine if each of the following products  are elastic or inelastic:

• bottled water
• toothpaste
• cookie dough ice cream
• fresh green beans
• gasoline

In your analysis, please make sure to explain your reasoning and relate your answers to the characteristics of the determinants of the price elasticity of demand.

Forum #2 – Microeconomics

Explain the difference between a positive and negative externality. In your analysis, make sure to provide an example of each type of externality. Why does the government need to get involved with externalities to bring about market efficiency? What  solutions need to be provided for your examples?

Guided Response : Review the discussion board posts of your classmates. What are some of the key differences between positive and negative externality?

Forum #3 – Finance/Risk Management

Briefly describe three of the following commercial property insurance coverages. Provide an example of each. Respond to at least two of your classmates’ postings.

• Builders risk
• Condominium association
• Equipment breakdown
• Difference in conditions
• Inland marine
• Ocean marine

Forum #4 – Finance/Risk Management

A store is insured for liability coverage under a business owners policy. Explain whether the following situations are covered under the business owners policy. Treat each situation separately. Respond to at least two of your classmates’ postings.

• A clerk accidently injures a customer with a shopping cart. Both the business owner and the clerk are sued.
• A customer slips on a wet floor and breaks a leg.
• The business owners have a customer arrested for shoplifting. The customer is innocent and sues for damages.