Description
For this assignment you are to write a 1 to 2-page paper that addresses supply and demand for the iPhone 6 plus.
Note: The Apple iPhone 6 plus cellular phone will be researched for each course project assignment leading up to your final submission.
Guidelines for this assignment are listed below:
- Research the number of Apple iPhone 6 plus cellular phones that were released in the United States.
- Identify the cost of the Apple iPhone 6 plus.
- Discuss whether or not demand and supply are in equilibrium or is demand greater than supply.
- Identify two factors that would cause the demand curve to shift to the left.
- Discuss two factors that would cause the demand curve to shift to the right.
- Identify two factors that would cause the supply curve to shift to the left.
- Discuss two factors that would cause the supply curve to shift to the right.
- State whether or not a price floor or price ceiling in the iPhone 6 plus would benefit consumers and why.
- Discuss if the Apple iPhone 6 plus account is a market failure.
Assignment must align with the following guidelines:
- Title page
- 1 to 2-pages of content
- At least two sources
- Reference page
- APA formatted
Explanation & Answer
Attached.
Running head: COURSE PROJECT-SUPPLY AND DEMAND OUTLINE
Course Project – Supply and Demand Outline
Name
Institutional Affiliation
1
COURSE PROJECT
2
Course Project – Supply and Demand Outline
•
Research the number of Apple iPhone 6 plus cellular phones that were released in the
United States.
On the week of its release, Apple sold 4 million iPhone 6 Plus during the first day and over 10
million phones over a week.
•
Identify the cost of the Apple iPhone 6 plus.
Pricing for iPhone 6 plus is:
iPhone 6s plus 16 GB at $299 on contract and $74 on full retail
iPhone 6s plus 64 GB cost $ 399 on contract and $ 849 on full retail
iPhone 6s plus 128 GB cost $499 on ...
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