Microeconomics

posted by .

For this part of the assignment, we will focus on the demand curve. 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.
• It is discovered that there are health concerns when using cell phones.
What happens to the supply of cell phones if the market price goes up?

  • Microeconomics -

    Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs:

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. microeconomics

    Other things equal, a big increase in the mimimum wage would cause the quantity demanded, but not eht demand, for unskilled labor to decrease. True, False, Uncertain, Explain Take a shot. Hint: a change in demand is a shift of the …
  2. Econ

    For a typical negative externality market graph, with Demand curve (also labelled private value), and supply curve (private cost) and a social cost curve above the supply curve. What is the optimal quantity that maximizes total economic …
  3. econ

    my mind is going blank here..can someone chime in and help: If a new breakthrough in manufacturing technology reduces the cost of producing cd players by half, what will happen to the demand for cd players?
  4. Economics

    Given the demand curve Q = 200 -4p Graph the demand curve showing exactly where it cuts the axes. How much is demanded at a price of $10?
  5. university-health economics

    Given the following demand function for medical care: Q=100-5p Where: P = is the price of health service. Q = quantity demanded. What is the quantity demanded at p = 5. Draw the demand curve for medical care. Suppose the price rise …
  6. managerial economics

    Exercise 1 The marketing manager has estimated the company’s demand curve with the equation P=3000 – 40Q. To develop a deeper understanding of pricing and quantity to be produced, complete the following analyses: 1. Draw the demand …
  7. MICROECONOMICS

    In order to reduce cigarette consumption, govt initiates anti-smoking media campaigns. At the same time it provides price support program for tobacco farmers, pushing price of tobacco above equilibrium. with supply demand framework …
  8. economics 11

    The demand and supply schedules for milk are as follows: Price Quantity Demanded Quantity Supplied 10 0 125 8 20 95 6 40 65 4 60 35 2 80 5 a. On the same graph, draw the demand and supply curves. What does the demand curve for a product …
  9. economics

    Think about how each scenario would affect the price of khaki pants. a.A new technology reduces the time it takes to make a pair of khaki pants. b.The price of the cloth used to make khaki pants falls. c.The wage rate paid to garment …
  10. Economics

    analyze what happens to the market for cheeseburgers if the price of cheese rises (cheese being apart of the cost for a cheeseburger) . Be specific and explain what happens ( or is not affected) for each of the following: 1. the supply …

More Similar Questions