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Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time. There are 2 brands of cell phones that are almost identical except for some minor features: the A-Phone and the Pomegranate.
For this part of the assignment, we will focus on the demand curve. Draw the demand curve for the A-Phone showing how the demand curve will change if the following occurs:
For this part of the assignment, we will focus on the supply curve. Draw the supply curve for the A-Phone showing how it reflects on a graph if it becomes more expensive to produce cell phones as the input prices has gone up.
As the public’s dependence on cell phones continues to grow, the cost of the phones may be decreasing, but the stronghold that telecommunication companies have on the public in regards to contracts and climbing fees is alarming.