Supply and Demand and Cell Phones

Damita Nix 1/15/2012 CTU Online ECON202-1201B Phase 1 soul Project1 Instructor Olanrewaju Abstract This paper leave explore the world of two concomitant types of prison cadre names that are identical with pocket-size features. I allow be demonstrating skills in using the tools of economics for decision do for the firm operating in the commercialize economy to include supply and study, cinch of demand, consumer behavior and utility maximization, and the costs of takings both short-run and long-run. I go away also be demonstrating the ability to viewly present views in written and/or oral expression.On the web, I provide research additional information intimately the A-Phone and the Pomegranate. The task below also requires me to describe graphs of supply and demands increases and decreases. When the task is complete you allow for have learned about the demand curve of an A call, a clear understanding on what happens to the value and measurement supplied, chemi cal equilibrium, and effects on government interventions with boothphone phones. Title Cell Phones differentiate I Draw the demand curve for the A-Phone. apologize how the graph, price, and quantity demandedwill change if the pursuit occurs * There is an overall increase in income. There is an overall increase in income and people believe that the Pomegranate is in a flash better than the A-Phone. * The price of the A-Phone goes upwhen a flaw is found in the Pomegranate. * A new type of walkie-talkie has an eternal range and is basically free. * It is discovered that on that point are health concerns when using stall phones. * There is a baby boom. * The price of the A-Phone and the Pomegranate both go up. equipment casualty P1 P2 P3 Demand Q1 Q2 Q3 beat What happens to the supply of cellular telephone phones if the market price goes up? Part IIExplain what happens to the price and quantity supplied and how it reflects on a graph if the following(a) occurs * It becomes more expensive to produce cell phones. * More cell phones are universe produced with the same amount of inputs. * Walkie talkies are prevalent because of the new technological change mentioned above. * an separate(prenominal) company starts producing cell phones, and now there are3 producers in the market. * nation think the price of cell phones will go up in the future. PriceSupply P1 Q1 Quantity Part III Draw a graph which shows the equilibrium price of cell phones.Explain what the graph is showing. When the new manufacturing business 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? - Part IV As the publics habituation on cell phones continues to grow, the cost of the phones may be decreasing, but the stronghold that telecom companies have on the public in regards to contracts and climbing fees is alarming. Additionally, all cell phone companies charge about the same prices, a nd the consumers do non have much woof in substituting providers.Consumers appear to affect some controls in this regard, and the government decides to mensuration in. * What is the effect of government intervention in the cell phone market? dumbfound 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 chance to make some additional revenue, and it decides to imposeserviceproviders. * Who is really paying the task? * Illustrate your conclusion on a graph. * Do you think that there is a free market for cell phone users? Why or why not? References