Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ASAP GA01 - eBay Demand Curve Go to the Collectibles section of eBay http:/collectibles shop.ebay.com) and pick any subcategory that looks interesting to you. Find

image text in transcribed
ASAP
GA01 - eBay Demand Curve Go to the Collectibles section of eBay http:/collectibles shop.ebay.com) and pick any subcategory that looks interesting to you. Find an auction that is just about to end and book it. When the auction has ended, return to the auction page and click on "Bid History of you have an ebay account you have the option for searching Completed Listings." Your assignment is to use the bid history to construct demand curve You will have to reorder the bids a bit to figure this out. Try to figure out the maumum price that each of the bidders is willing to pay, and then use that information to construct the demand cure Set example for how to get from a bid history to a demand curve) HELPFUL NOTES: . Only count the highest bid for och bidder. If one bidder bis 525 but then later bidt so and then never beds again, it must be that his man willingness to pay 550 the 525 hidrant. If the bidder had been willing to bid more than 50, he probably would have bid more than $50. Remember that demand is about willingness to buy something so if there bidders in the auction, then that means that at one prices there were willing buen though there's only Hote that in an auction, the price tes until there only one willing buyer left. If there are two or more willing buyers, then the auction tower yet! Pick on ter with at least 3 bidders, so you have something interesting to draw. This means the number of bids must be at least 3. but could possibly be more, it may take when lume search other areas of boy as well, but tie Collectibles because it usually features one of a kind item, which is explain why the one highest bid ends up being price Make sure you undide to eliminate Buy it Now items from the listings, because these will not generally be helpful WHAT TO SUBMIT Gelow, you need to upload your picture. It can be a picture that you made with a program Excel, or it can behand-drawn graph that you can take a picture of the phone alatt ebay er nutriber in the text box below I need the lay item number so that I can check the bed history to confirm your data

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting Volume 1

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

11th Canadian Edition

0135359708, 9780135359709

More Books

Students also viewed these Accounting questions

Question

Question 10 You can't export data from Access to Word. True False

Answered: 1 week ago