Proposal of the Prices in the New Location
You operate a delivery service in your local area, but you are thinking of expanding to another market. You're concerned that you might need to set different prices in the new market because the cost of gas might be much different.
Identify 10 gas stations in your local area.
Record the price per gallon for each gas station.
Research supply and demand curves for gasoline.
Create an Excel® spreadsheet in which you do the following:
· Create a supply curve for gasoline.
· Create a demand curve for gasoline.
· Calculate the average cost of gas in your local area.
· Calculate the standard deviation.
Determine whether the prices in your local area are higher or lower than the national average.
Create a 700-word proposal in which you include the following:
· Explain elasticity of supply and demand and how this relates to your pricing decision.
· Determine if your prices will be higher, lower, or the same for the new location.
· Defend the pricing decision including all supporting documentation.
Cite a minimum of two scholarly references not including your text.
Price
Station
Area
Thanks
6181 SH-6 & FM-1092
16 hours ago
4971 SH-6 & Colonial Lakes Dr
24 minutes ago
6414 SH-6 & Glenn LakesLn
16 hours ago
3818 Cartwright Rd & Waterford Village
6 hours ago
4724 SH-6 & Austin Pkwy
59 minutes ago
8900 SH-6 & Sienna Pkwy
12 hours ago
9727 SH-6 & Vicksburg Blvd
16 hours ago
4225 Sienna Pkwy & Bees Passage
22 hours ago
8318 SH-6 & Sienna Ranch Dr
1 hour ago
5501 SH-6 near Riverstone Blvd
02/13/17
02/20/17
02/27/17
week ago
year ago
2.307
2.302
2.314
8 years ago
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ProposalofthePricesintheNewLocation.zip
