This is the assignment I chose Casino's
Find at least two sources to help you answer the following questions about the industry
you chose.
o For what purpose were these sources created?
o Who is the intended audience for these sources? What factors helped you identify
the audience?
o What specific criteria did you use to select these sources and to eliminate other
potential sources?
o 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.
I do not know what words to use for search engines.This is what I need
Start with casinos.
To find sources to help answer your questions about the casino industry, you can use search engines and various online resources. Here's a step-by-step guide on how to approach this:
1. Understand the purpose of the sources: When searching for sources, it's important to find ones that are relevant and credible. Consider what information you need for your assignment - industry analysis, market trends, customer behavior, etc. Look for sources that provide this kind of information.
2. Identify the intended audience: Each source will have a specific audience it is created for. For example, some sources may target casino operators, industry professionals, or investors. Look for information that identifies the target audience, such as the website or publication's mission statement, the publisher's background, or any explicit statements about the intended readership.
3. Evaluate the criteria for source selection: To select the most appropriate sources and eliminate potential ones, consider the following criteria:
- Relevance: Ensure that the sources align with your questions and provide the necessary information.
- Credibility: Check the author's qualifications, the source's reputation, and whether it is peer-reviewed, published by reputable organizations, or backed by industry experts.
- Currency: Aim for recent sources to ensure information is up-to-date.
- Accuracy: Look for objective, fact-based information that is supported by evidence or data.
4. Determine price elasticity of demand: Look for sources that discuss the price elasticity of demand in the casino industry. Economic journals, industry reports, and academic studies may provide valuable insights. Analyze the available information to determine whether the demand for casino services is price elastic or inelastic. Consider whether substitutes are available and whether the good/service is perceived as a luxury or necessity.
5. Understand price elasticity of supply: To determine the price elasticity of supply, find sources that discuss how the casino industry responds to changes in price. Look for information on how easily casinos can increase or decrease their supply in response to market conditions. Economic studies, industry reports, and analyses on casino operations may provide relevant information.
When searching with search engines, you can use keywords such as "casino industry analysis," "price elasticity of demand in casinos," or "casino supply elasticity" to find relevant sources. Additionally, consider using academic databases, industry-specific websites, financial news outlets, and reports from market research firms.
Remember to critically evaluate each source and cross-reference information from different sources to ensure accuracy and reliability.