Demand

The Market for the IPad

Part 1: Complementary Products

Complementary Product 1 Type description here

Complementary Product 2 Type description here

Complementary Product 3 Type description here

 Answer the following:  Compliments to the Ipad will most likely experience an ______________in demand because of the popularity of the Ipad.  Show how a change in demand for the Ipad would shift the curve below  Move curve and arrow in the direction of the shift. D1 Quantity of Compliments Price D2

Part 2: Substitute Products

Substitute Product 1 Type description here

Substitute Product 2 Type description here

Substitute Product 3 Type description here

 Answer the following:  Substitutes are likely to cause a ______________in demand for iPad.  Show how the change in demand would shift the curve below  Move curve and arrow in the direction of the shift. D1 Quantity of IPads Price D2

 Find pictures online to describe the following scenarios  Show the result of the scenario by shifting the curve in the correct direction. 1. Consumer Income 2. Price of Related Products 3. Consumer Tastes 4. Consumer Expectations 5. Population

 Scenario: US consumers experience an increase in general levels of income. D1 Quantity of Consumer Goods Price D2 Place Picture Here

 Scenario: A recession causes US consumers to experience a decrease in general levels of income. D1 Quantity of Consumer Goods Price D2 Place Picture Here

 Scenario: Gatorade raises their prices. People begin buying Powerade. Show the demand curve for Powerade D1 Quantity of Consumer Goods Price D2 Place Picture Here

 Scenario: Pepsi lowers their prices. People stop buying Coke. Show the demand curve for Coke. D1 Quantity of Consumer Goods Price D2 Place Picture Here

 Scenario: People find out that Oranges have health benefits that fight cancer. D1 Quantity of Consumer Goods Price D2 Place Picture Here

 Scenario: A successful advertising campaign attracts many consumers to the tablets. Desktop PC’s become less popular. D1 Quantity of Consumer Goods Price D2 Place Picture Here

 Scenario: Ford announces a brand new model of the F150. Show the curve for consumption of the old F150. D1 Quantity of Consumer Goods Price D2 Place Picture Here

 Scenario: Consumer’s expect the price of meat to rise in the next 6 months. Show the demand curve for meat today. D1 Quantity of Consumer Goods Price D2 Place Picture Here

 Scenario: Apple’s Ipad received approval to be sold in China. D1 Quantity of Consumer Goods Price D2 Place Picture Here

 Scenario: Glynn County experiences a decrease in population. D1 Quantity of Consumer Goods Price D2 Place Picture Here

 Imagine that your income just increased. Find a good that you would buy more of (normal good) and a good that you would buy less of (inferior good). Place Picture of Normal Good Here Place Picture of Inferior Good Here Type description here of what makes these goods “normal” or “inferior”

 List a product that you own and a complement to that product below. Place Picture of Product Here Place Picture of Compliment Here Type description here of what makes these goods “compliments”

 List a product that you own and a substitute to that product below. Place Picture of Product Here Place Picture of Substitute Here Type description here of what makes these goods “substitutes”

 List a product that you owned in your past that you would no longer purchase. Then list a product that you either want or have and is popular today. Place Picture of Past Product Here Place Picture of Popular Product Here Type description here of what made your taste for that product change

 List a product that you owned in your past. Then list a picture of an update/innovation to that product. Place Picture of Past Product Here Place Picture of Innovative Product Here Type description here of how the product became innovative and why you would no longer have the demand for the original product

 List a scenario where the number of buyers increased and caused the demand for other products to go up as a result. Place Picture of Increase in Population Here Place Picture of Products that Will Experience and Increase in Demand Here Type description here of why population increases caused the demand for goods and services to change