2. iPad: January 27, 2010 Price determined by demand and supply Related products Wide range of uses

3. HP Slate Dell Streak Asus Eee Tablet Compal Tablet Notion Ink Adam MSI HP tablet pc Android tablet pc BlackBerry PlayBook HP TouchPad, Android Honeycomb tablets Comparable Products

5. The device has four control buttons reminiscent of the favored layout for an Android-powered phone, leading to the logical speculation that the Asus tablet might well run Google’s mobile operating system. Asus Eee Tablet

6. Another tablet running Android and powered by the Tegra 2 chip is the Adam, a 10-inch tablet from Indian startup Notion Ink. It uses a screen technology from Pixel Qi that combines the best of a full color multi-touch LCD display with a low-power reflective mode that’s readable in direct sunlight. a target price somewhere between $300 and $800. Notion Ink Adam

7. 2 Consumer Points of View 2 Producer Points of View

8. Change in number of sellers Prices of iPad Quantity of iPad Supply1 Demand Pe Qe P1 Q1 Supply2

9. Changes due to abnormal circumstances Prices Quantity Supply2 Demand Pe Qe P1 Q1 Supply1

10. Rise in consumer’s income bringing rise to demand of luxury goods Prices of iPads Quantity of iPads Supply Demand1 Pe Qe P1 Q1 Demand2

11. Presence of substitutes Prices of iPads Quantity of iPads Supply Demand2 Pe Qe P1 Q1 Demand1

12. Conclusion Generally, the market of iPad is determined by various factors. Although there are numerous competitors, iPad is still able to have a hedge over them. Even as these factors do affect the price of iPads and increase the quantity sold, the magnitude of the changes in the price in order to gain more profit can only be found through the elasticity of demand and supply. By calculating the magnitude of changes, Apple can then decide on whether increasing or decreasing the price would be a more suitable choice.