Question
I need to research Apple. Need to be explained how the demand of these goods have changed, identifying the demand determinants that changed them. In
I need to research Apple.
Need to be explained how the demand of these goods have changed, identifying the demand determinants that changed them.
In order to convey this information you will Kreate a timeline of the demand for the product. Here's what your timeline must include: Intro identifying what your product is/when it was Kreated Hand drawn graphs, properly labeled showing the correct shifts in demand. You must identify at least 4 events that shifted demand; using a minimum of 3 different determinants (which should be named specifically: an advertising campaign would lead to a change in taste), along with an event that changes quantity demanded - this should be a price change! Current demand for your product- this will be the end of your timeline. This means there should be a minimum of 7 different graphs drawn for this assignment Sources (minimum of 3) where you received your information- your stories should be based in facts. While it is okay to extrapolate to make a point please do not completely make up events. (Just provide links)
A few other considerations: Events must be based in reality, but you can make some jumps in order to make sense. Specifically identify shifters mentioned below for each event This should be neatly done; an assignment will only receive full credit if it is visually pleasing and all necessary parts are labeled.
Determinants of demand: Taste/Preference: New information, new advertising tactics, celebrity endorsement, etc Number of buyers: Have more people entered or exited the market Income: Is your product a normal or inferior good? Did we go through a recession (where people's incomes decrease)? How did this effect demand for your product? Expectations: Was a shortage anticipated in the future? Is a new, better similar product expected to be released in the future? How does this effect demand right now for your product? Price of Related Good: Complements- something that goes well with your product suddenly becomes cheaper or more expensive, how does this effect demand for your product? Substitute- Does the price of a substitute product increase or decrease?
................................................................ Intro
Intro is very well done. Graph is labeled correctly .................................................................. Demand Determinant 1
Examples are superbly done, based on real events.
All graphs and present, labeled, and neat. All shifts and movements are drawn correctly. Complete understanding of the material is evident ........................................................... Demand Determinant 2
Examples are superbly done, based on real events.
All graphs and present, labeled, and neat. All shifts and movements are drawn correctly. Complete understanding of the material is evident
.................................................................
Demand Determinant 3
Examples are superbly done, based on real events.
All graphs and present, labeled, and neat. All shifts and movements are drawn correctly. Complete understanding of the material is evident
.............................................................
Demand Determinant 4
Examples are superbly done, based on real events.
All graphs and present, labeled, and neat. All shifts and movements are drawn correctly. Complete understanding of the material is evident
.....................................
Change in quantity Demanded
Examples are superbly done.
All graphs and present, labeled, and neat. All shifts and movements are drawn correctly. Complete understanding of the material is evident.
.................................................. Sources
Minimum number of sources (3) is met and sources are cited.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started