Supply and Demand paper-economics-week2

Supply and Demand paper-economics-week2 - 1. : Supply and...

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1. : Supply and Demand paper Due Date: Day 7 [Assignment section of eCampus] Choose one good with which you have had experience purchasing: O New home o New car Write a 700- to 1,050-word paper in APA format explaining factors that affect supply and demand. Include the following: o Explain factors that could cause possible changes in supply and demand. o Determine at least two substitutes there may be for your product. o Determine at least two complements there may be for your product. o Explain how the necessity of your chosen good impacts price elasticity. Apple computers are a good that many people are familiar with. Over the past 10 years Apple has come out with many new inventions that people can afford. These new inventions are very popular and are in high demand. The Apple iPod was introduced in late 2001. At first the Apple iPod was not very popular because it could only be used with an Apple computer, because of the price which is $399-$499 and that it was only compatible with Macs. In 2002 Apple came out with a new iPod that was compatible with both Macs and Windows and with this invention Apple changed the way of the digital industry. As the years went on Apple has been the leading inventor in digital music players like the iPod, iPod touch, Ipod nano, and the new Iphone 4. Issues that could change the supply and demand of Apple iPods are the inventions of new products by
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This note was uploaded on 07/13/2011 for the course ECONOMICS 102 taught by Professor Hynes during the Spring '11 term at Kaplan University.

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Supply and Demand paper-economics-week2 - 1. : Supply and...

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