Economics

Research the number of Apple iPhone 6 plus cellular phones that were released in the United States.
• Identify the cost of the Apple iPhone 6 plus.
• Discuss whether or not demand and supply are in equilibrium or is demand greater than supply.
• Identify two factors that would cause the demand curve to shift to the left.
• Discuss two factors that would cause the demand curve to shift to the right.
• Identify two factors that would cause the supply curve to shift to the left.
• Discuss two factors that would cause the supply curve to shift to the right.
• State whether or not a price floor or price ceiling in the iPhone 6 plus would benefit consumers and why.
• Discuss if the Apple iPhone 6 plus account is a market failure.

 

 

 

Sample Solution

ACED ESSAYS