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Demand

Demand. The Market for the IPad. The Ipad originated in 2010 and has consistently been the leader in the market for tablets. This PPT will be based on the market for Ipads . . Part 1: Complementary Products.

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Demand

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  1. Demand

  2. The Market for the IPad • The Ipad originated in 2010 and has consistently been the leader in the market for tablets. • This PPT will be based on the market for Ipads.

  3. Part 1: Complementary Products • Find 3 products, such as the ones below, that would be considered complements to the Ipad. Find and paste pictures on the next 3 slides and type a description of how these products are complementary to the IPad.

  4. Complementary Product 1 Type description here

  5. Complementary Product 2 Type description here

  6. Complementary Product 3 Type description here

  7. Complimentary Products • 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. Price D1 Quantity of Compliments D2

  8. Part 2: Substitute Products • Find 3 products that would be considered substitutes to the Ipad. Paste their pictures on the next 3 slides and type a description of how these products are substitutes to the IPad.

  9. Substitute Product 1 Type description here

  10. Substitute Product 2 Type description here

  11. Substitute Product 3 Type description here

  12. Substitute Products • 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. Price D1 D2 Quantity of IPads

  13. Part 3: Determinants of Demand • Find picturesonline to describe the following scenarios

  14. Consumer Income • Find a picture online to describe the following scenario. • Show the result of the scenario by shifting the curve in the correct direction. • Scenario: US consumers experience an increase in general levels of income. Price Place Picture Here D2 D1 Quantity of Consumer Goods

  15. Consumer Income • Find a picture online to describe the following scenario. • Show the result of the scenario by shifting the curve in the correct direction. • Scenario: A recession causes US consumers to experience a decrease in general levels of income. Price Place Picture Here D2 D1 Quantity of Consumer Goods

  16. Price of Related Products • Find a picture online to describe the following scenario. • Show the result of the scenario by shifting the curve in the correct direction. • Scenario: Gatorade raises their prices. People begin buying Powerade. Show the demand curve for Powerade Price Place Picture Here D2 D1 Quantity of Powerade

  17. Price of Related Products • Find a picture online to describe the following scenario. • Show the result of the scenario by shifting the curve in the correct direction. • Scenario: Pepsi lowers their prices. People stop buying Coke. Show the demand curve for Coke. Price Place Picture Here D2 D1 Quantity of Coke

  18. Consumer Tastes • Find a picture online to describe the following scenario. • Show the result of the scenario by shifting the curve in the correct direction. • Scenario: People find out that Oranges have health benefits that fight cancer. Price Place Picture Here D2 D1 Quantity of Oranges

  19. Consumer Tastes • Find a picture online to describe the following scenario. • Show the result of the scenario by shifting the curve in the correct direction. • Scenario: A successful advertising campaign attracts many consumers to the tablets. Desktop PC’s become less popular. Price Place Picture Here D2 D1 Quantity of Desktop PCs

  20. Consumer Expectations • Find a picture online to describe the following scenario. • Show the result of the scenario by shifting the curve in the correct direction. • Scenario: Ford announces a brand new model of the F150. Show the curve for consumption of the old F150. Price Place Picture Here D2 D1 Quantity of Old F150

  21. Consumer Expectations • Find a picture online to describe the following scenario. • Show the result of the scenario by shifting the curve in the correct direction. • Scenario: Consumer’s expect the price of meat to rise in the next 6 months. Show the demand curve for meat today. Price Place Picture Here D2 D1 Quantity of meat today

  22. Number of Buyers • Find a picture online to describe the following scenario. • Show the result of the scenario by shifting the curve in the correct direction. • Scenario: Apple’s Ipad received approval to be sold in China. Price Place Picture Here D2 D1 Quantity of Ipads

  23. Number of Buyers • Find a picture online to describe the following scenario. • Show the result of the scenario by shifting the curve in the correct direction. • Scenario: Glynn County experiences a decrease in population. Price Place Picture Here D2 D1 Quantity of consumer goods.

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