Customer Service Chat
Get quote & make Payment
Microeconomics, Other Subject
There are 2 brands of cell phones that are almost identical except for some minor features: the A-Phone and the Pomegranate.
Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs:
•There is an overall increase in income.
•There is an overall increase in income and people believe that the Pomegranate is now better than the A-Phone.
•The price of the A-Phone goes up when a flaw is found in the Pomegranate.
•A new type of walkie-talkie has an unlimited range and is basically free.
•It is discovered that there are health concerns when using cell phones.
•There is a baby boom.
•The price of the A-Phone and the Pomegranate both go up.
What happens to the supply of cell phones if the market price goes up?
Explain what happens to the price and quantity supplied and how it reflects on a graph if the following occurs:
•It becomes more expensive to produce cell phones.
•More cell phones are being produced with the same amount of inputs.
•Walkie talkies are popular because of the new technological change mentioned above.
•Another company starts producing cell phones, and now there are 3 producers in the market.
•People think the price of cell phones will go up in the future.
Draw a graph which shows the equilibrium price of cell phones. Explain what the graph is showing.
When the new manufacturer introduces the Robo cell phone to the market, how does that effect the equilibrium price if the Robo is basically the same as the other cell phones?
As the public’s dependence on cell phones continues to grow, the cost of the phones may be decreasing, but the stronghold that telecommunication companies have on the public in regards to contracts and climbing fees is alarming.
Additionally, all cell phone companies charge about the same prices, and the consumers do not have much choice in substituting providers. Consumers appear to need some controls in this regard, and the government decides to step in.
•What is the effect of government intervention in the cell phone market? Make sure that you use graphs to illustrate your point.
•Is this a good thing for consumers?
On the other hand, the government sees the increase in cell phone use as an opportunity to make some additional revenue, and it decides to tax service providers.
•Who is really paying the tax?
•Illustrate your conclusion on a graph.
•Do you think that there is a free market for cell phone users? Why or why not?
Posted Date: 5/27/2012 12:26:18 PM | Location : United States
Ask an Expert
Microeconomics, Assignment Help, Ask Question on Microeconomics, Get Answer, Expert's Help, Microeconomics Discussions
Write discussion on Microeconomics
Your posts are moderated
Write your message here..
Feedback mechanism in the context of climate, 1. What is a feedback mechani...
1. What is a feedback mechanism in the context of climate? 2. Provide and explain one example of a positive feedback that begins with air temperature. 3. Provide and explain
Vocabulary Studies, I need help with my homework
I need help with my homework
Parties involved in credit cards, PARTIES INVOLVED Cardholder: Th...
PARTIES INVOLVED Cardholder: The owner of the card used to create a purchase; the customer. Card-issuing bank: The financial organization or other organization that
Major approaches and movements in film theory, What is film theory? Please ...
What is film theory? Please provide me report on Major approaches and movements in film theory. It is about 2000 words count report on topic Major approaches and movements in film
Restore - repair power point file, Restore/ Repair Power Point File *PPS* ...
Restore/ Repair Power Point File *PPS* Project Description: Seeking someone to restore an old Power Point Presentation PPS File aprox 10mb. It does not open in any WIN/MAC/Of
Communications and interpersonal relationships, Communications and Interper...
Communications and Interpersonal Relationships: Communication scholars define Interpersonal communication in numerous ways, usually describing participants who are dependent upon
Prehistoric archaeology, Questions: I need a report on Prehistoric archaeo...
Questions: I need a report on Prehistoric archaeology. I want to know their types, Prehistoric archaeology report for about 2500 words? Would you able to assist me in report? Let
Public key cryptography, Public Key Cryptography and Digital Certificates ...
Public Key Cryptography and Digital Certificates This element of the chapter presents background technical information on cryptographic systems. This includes Public Key Crypto
Write a long note on the editing process, Question 1 Write a long note on ...
Question 1 Write a long note on the Editing Process Question 2 What does adding pictures to a page with news stories do? Discuss in detail Question 3 Write a note
Iupac name of complex, k3[Al(C2O4)3]
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Follow Us |
T & C
Copyright by ExpertsMind IT Educational Pvt. Ltd.