I need assistance with the below assignment:ECO-201-X6482 Microeconomics 21EW6 3-2 Simulation Discussion: Competitive MarketsIn your responses, comment on at least two posts (attached) from your peers and share an example of a company that experienced a change in revenue as the result of a change in the price of the good or service they provided. After reading your peers’ posts, explain which determinants of price elasticity of demand could be the cause of the change in demand.Back Story:Prices are the driving force behind every buying and selling decision in a market economy. Prices are determined by the supply and demand equilibrium and are influenced by the price elasticity of demand and supply of goods and services. Based on the outcome of the simulation, was the sale price you set the same as the equilibrium price? Refer to the supply and demand model to explain why they might be different. Imagine that you own your own business. How would price elasticity of demand impact the pricing decisions of your business? What are the determinants of price elasticity of demand? Identify at least three examples.

Learning the Elements of Quantitative Applied Business ResearchReview Newman, Thanacoody, and Hui's 2011 article, "The Impact of Employee Perceptions of Training on Organizational Commitment and Turnover Intentions: A Study of Multinationals in the Chinese Service Sector," linked in the Resources.Compose a formal, APA-formatted paper of no more than 700 words (word count excluding title and reference pages) that:Assesses the Newman et al. article by providing justification for regarding it as peer reviewed.Articulates the business problem identified by the article and argues why the study is an example of applied business research by presenting the context and setting as described by the authors.Constructs an understanding of the authors' research purpose based on the stated business problem.Include an APA-formatted figure, in addition to the written synthesis, to demonstrate fully your ability to synthesize ideas.Incorporate the figure into the body of the composition, not presented as an attachment or appendix document.Identifies the specific research method and design of the study and articulates the authors' reasoning for this selection as appropriate for the study's purpose.Critiques the authors' rationale for the worth or value of researching the business problem.Critiques the authors' academic foundation for the study in that the research upon which the study seeks to build is appropriate for the business problem.Submit your assignment in Microsoft Word to the assignment area. In the Submission text box, enter any brief questions or comments related to your completed assignment.Your assignment is due by midnight CST Sunday.Additional RequirementsYour assignment should meet the following requirements:Written Communication: Written communication is free of errors that detract from the overall message, follows standard American English usage, and uses language appropriate for the intended business and scholarly doctoral audiences.APA format: Paper, references, and citations are formatted according to current APA style and formatting guidelines.Length: 700 words, double-spaced.Font and font size: Times New Roman, 12 point.