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..
Write a long note on shooting in daylight, Question 1 Write a long note on...
Question 1 Write a long note on the Camera Control Unit (including partial CCU control and complete remote camera control) and the Video switcher Question 2 Write a long note
Specific gravity, specific gravity of water?
specific gravity of water?
Tax, Comprehensive employment income sample
Comprehensive employment income sample
Matlab, his is my svm coding.its not working properly. showing error >> te...
his is my svm coding.its not working properly. showing error >> test2 ??? Error using ==> svmtrain at 190 GROUP and TRAINING must have the same number of rows. Error in ==> test2
Propertiness of properly, Propertiness of Properly: Perhaps the lastin...
Propertiness of Properly: Perhaps the lasting significance of Victoria Park Racing lies in the fact that the conflict between the majority and minority views in this case thro
Explain what is media imperialism, Question 1: A "Development Organizat...
Question 1: A "Development Organization" invites you to be its development communication consultant to promote the diffusion of a new idea into your community. Discuss the ste
Types of communication networks, (a) Communication in the business organiza...
(a) Communication in the business organization is very important but to structure it through appropriate networks is even more vital as unregulated communication flow could make i
Explain the facts and figures about tourism, Question 1 Explain the facts ...
Question 1 Explain the facts and figures about Tourism Question 2 What are the key factors responsible for the growth of organised retailing? Question 3 Explain the func
Theory of policy making, what is the theory of policy making?
what is the theory of policy making?
Describe what is halftoning, Question: (a) You should always ask your c...
Question: (a) You should always ask your commercial printer what they consider as "camera ready" before you start the job. Describe Camera-ready Art? (b) Describe what is ha
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.