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..
Hrm assigment, IMAGIN YOUR SELF AS A HR MANAGER OF TOUR OPERATING AGENCY FR...
IMAGIN YOUR SELF AS A HR MANAGER OF TOUR OPERATING AGENCY FROM MALDIVES. WHAT STEPS WOULD YOU CONSIDER WHILE RECRUTING NEW SALES FORCE FOR YOUR ORGANIZATION?
Basic principles of information security - authenticity, Authenticity I...
Authenticity In computing, e-Business and information security it is essential to make sure that the transaction, communication, data or documents (electronic or physical) are
Describe problem solving, Problem 1: (a) Describe Problem solving. (...
Problem 1: (a) Describe Problem solving. (b) What are the basic components of a problem? Illustrate your answer using a concrete example. (c) Explain carefully any three
Sculpture, Sculpture: Three-dimensional art produced especially by forming...
Sculpture: Three-dimensional art produced especially by forming hard or plastic materials into three-dimensional objects, usually by carving or modeling. The designs may be produc
Geography, can you help me with my homework please im in 7th grade and im h...
can you help me with my homework please im in 7th grade and im having a hard time with my homework
Need matlab code, I am doing project in PULSED OFDM FOR ULTRA WIDE BAND COM...
I am doing project in PULSED OFDM FOR ULTRA WIDE BAND COMMUNICATION .I need matlab code for it
What characteristics make a problem public, Question 1: "Public policie...
Question 1: "Public policies in a modern, complex society are indeed ubiquitous. They confer advantages and disadvantages, cause pleasure, irritation and pain, and collectively
Warfarin, is anybody anywhere using hirudin instead of warfarin?
is anybody anywhere using hirudin instead of warfarin?
Use of signer certificates in browsers, Use of Signer Certificates in Brows...
Use of Signer Certificates in Browsers Digital certificates previously play a primary role in Internet-based cryptography systems. For instance, consider the case of a secure W
Oral suctioning, To remove mucus that may be building up in the throat to a...
To remove mucus that may be building up in the throat to avoid the person from chocking and becoming ill this will help to improve the flow of air into the lungs resulting in patie
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
IT Courses and 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.