Consider a competitor's response to a product which has recently come under scrutiny. An example would be the 2016 reaction of supply and demand of Apple's iPhone after the Samsung Galaxy Note 7 exploding battery issue(Links to an external site.).

How did these problems influence how Apple handled their market? Consider:

• Their labor and potential output and how this influenced GDP.
• Their long and short-run aggregate supply curve
• How people viewed their iPhone purchase within their definition of disposable domestic income
• How the iPhone price level influenced GDP
• The increase or decrease in consumer optimism, and how does this affected the aggregate demand curve

Make sure to use concepts from the chapter readings in your discussion to obtain full credit. Identify which concepts you are using in your post to obtain credit.