Writing Assignment 2 Excerpt: One method of price discrimination for firms is the use of coupons and rebates. Firms are basically allowing consumers to self-identify their respective price elasticities of demand for a product. Describe the last time you used a coupon or a rebate, and another time where you knew a coupen might be available and yet chose to not bother with it. Make sure to explain how the opportunity cost of your time and effort played a part in the choice you made. Do you think price discrimination through coupans is fair? Should there be laws against this behavior? Why or why not? Click Writing_Assignment Guidelines and Rubric for further directions and requirements Submit Writing Assignment 2 to the Writing Assignment 2 Dropbox in the Assignments menu item under the Activities tab no later than Sunday 11:39 PM EST/EDT. (This assignment is linked to Turnitin.) Instructor's Comments: Writing Assignment 2 is an interesting concept to research and write about. It is worth $% of your final grade, so do a great job on it. It is due by Sunday midnight of week 6 and it must be submirted to the Writing Assignment 2 Dropbox as a Word or pdf document. It will avtomatically be submitted fo Turnitin.com to check for plagiarism. Here are the rules for Writing Assignment 2 1. The paper must not have been submutted to any other course, 1.e.. it must be a new paper. 2. You may choose any good or service that had a coupon or rebate and you need to address how the coupon or rebate affected your decision to purchase the good or service. Explain how elasticities of demand affect consumer behavior, i e.. why price discrimination works for different sroups in the cconomy. Also, pick a good or service you bought without using a coupon or rebate because the opportunity cost was too high to make you go through the hassle of using cither method to help pay for the good or service. Ensure you answer the last three questions in the body of your paper (sce paragraph 4). 3. The paper has to be at least one full page long, but no longer than two full pages using the APA format. The marzins must be one inch all around in Times New Roman font - 12, double spaced, excluding eraphs, the title paze, and bibliography page(s). For example, if you have one page of graphs (put on a separate page), vou need to have at least one page (one typed page and one graph page), plus the title page and the bibliography page(s) 4. You need to answer the two parts of Writing Assignment 2. Use separate paragraphs for each part. Part a) should include the information about the use of a coupon or rebate and also about not using a coupon or rebate. Also, define price elasticity of demand, and address how price elasticity of demand affects consumer purchases depending on whether the consumer has an inelastic or elastic price elasticity of demand. and address how inelastic and elastic price elasticities of demand effect revenue when price increases or decreases. Don't forget to talk about opportunity costs when not using a coupon or rebate. Part b) should discuss the three questions identified in the Writing Assignment 2 excerpt above as far as whether price discrimination is fair and whether there should be laws concerning price discrimination. Make sure you label the parts as shown above 5. Writing Assignments that are not spell checked, are in the wrong format (see #3 above), or have grammar errors will receive less credit than ones that are spell checked, in the correct format, or have no grammar errors. 6. Late papers will not be accepted unless [ gave you an extension