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Price 600 Price per OD QD Samsung (iPhone (iPhone 500 $750) $1,500) $600 0 4 400 500 2 6 300 400 A 200 300 6

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Price 600 Price per OD QD Samsung (iPhone (iPhone 500 $750) $1,500) $600 0 4 400 500 2 6 300 400 A 200 300 6 10 100 200 8 12 D 100 10 14 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Quantity a) How was the original demand curve for Samsung affected by the drop in price of the iphone? b) Name one way that Samsung might increase the demand for their product without dropping their prices

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