GB 540 MENTOR Career Path Begins/gb540mentor.com GB 540 MENTOR Career Path Begins/gb540mentor.com | Page 5

● Explain the relationship between the price elasticity of demand and total revenue. What are theimpacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on businessdecisions and strategies to maximize profit? You can explain your responses using empirical examples, formulas and graphs.● Is the price elasticity of demand or supply more elastic over a shorter or a longer period of time? Why? Give examples.● What are the impacts of government and market imperfections (failures) on the priceelasticities of demand and supply?Criteria● Your Assignment should have a cover sheet with the following information: Title of the paper,Your Name, Course Number and Section Number, and Date● It must be a minimum of 5 pages long (excluding title page, references, etc.,)● Be sure to include the criteria located in the rubric below within your paper. --------------------------------------------------------------------------------------- GB 540 Unit 3 Assignment Talent Search (2 Papers) FOR MORE CLASSES VISIT www.gb540mentor.com This Tutorial contains 2 Papers (2 Options) Assignment 3 For most firms today, success or failure is determined by the ability to find, attract, keep, develop, and tap into the most talented workforce that can be assembled. Use the Online Library to search for articles related to this topic. Write a 5-page report outlining what firms need to do in order to bring in the most talented people (from anywhere) and make the fullest possible use of their abilities. Support your paper with