show, using the market for big screen televisions, why the price is higher when a product is first introduced than after months or years.
Ans) When initially, any technology is introduced, demand increases and since number of suppliers are less, price increases.
But after some months or years, the technology becomes popular and the number of providers for the same technology increases. As a result there is increase in supply, which brings down the price of the product.
show, using the market for big screen televisions, why the price is higher when a product is first introduced than after...
Show, using the market for big screen televisions, why the price is higher when a product is first introduced than after months or years.
Show, using the market for big-screen televisions, why the price is higher when a product is first introduced than after months or years
When the iPod was first introduced by Apple, it was a product so different to other portable music players that it was seen as being in its own market (ie: having features of a monopoly). Assume Apple sold the number of iPods to maximise profit. Which of the following statements are true: ם The quantity of iPods sold in the market would be larger if the market was perfectly competitive The price charged for an iPod when first introduced would...
Why are prices important in a market when there are no price controls? a. Higher prices provide an incentive for demanders to decrease the amount they wish to demand. b. Prices bring about an equilibrium between the demanders and suppliers in a market. c. Higher prices provide a signal (an incentive) to suppliers that they should increase supply to meet the increased demand. d. All of the above
z InSU UCLIUM Question 14 A shortage occurs in a market when: price is higher than the equilibrium price. supply exceeds demand. the marginal utility of consumption is negligible. O price is lower than the equilibrium price. < Previous
. If current market interest rates are higher than bond’s coupon rate, will the bond’s price be higher or lower than the bond’s principal? Please explain why.
When the iPod was first introduced by Apple, it was a product so different to other portable music players that it was seen as being in its own market (ie: having features of a monopoly). Assume Apple sold the number of iPods to maximise profit. Which of the following statements are true: Assuming demand was linear, the demand curve for iPods was twice as steep as the marginal revenue curve. average total cost. The iPod's average total cost of production...
Explain why market orientation can be more important than product orientation when entering a new foreign market. When would product orientation be equally important if not more than market orientation when entering a new foreign market?
In the market for televisions, the price of a television falls and nothing else changes. Price (dollars per television) Show the effect of this change o os Choose between the following Use the single arrow tool to draw an arrow on the demand curve showing the direction of movement along the line OR Use the line tool to draw a new demand curve Only one of the effects is correct, and you must determine which is the appropriate one to...
When binding price ceilings are imposed: a. every seller in the market benefits because of higher prices. b. some buyers will not be able to buy any of the product. c. every buyer in the market benefits because of higher prices. d. the quantity sellers want to sell will equal the quantity buyers want to buy.