Factors influencing demand and supply for nokia products with report and curve

This leads to price wars that ultimately lower the price of the product and may require a cut in supply to fall in line with the decrease in demand. If it is an appealing ad, there is a good chance demand will increase and supply will have to follow suit.

When a product gets expensive enough that the average consumer no longer feels it is worth it to buy the product, then the demand declines.

factors affecting demand for mobile phones

This means business can supply more at each price. Australia is said to have 9th highest number of smart phone subscriptions in the world. Our homework writing services cover a vast range of subjects and can help students with their essaysprojects, book reports and more.

demand and supply analysis of nokia

The housing market is a prime example of this type of impact. Shift in supply to the left In this case, there is a fall in supply. The mobile company also takes into consideration the consumer expectations or the changes in consumer behavior which can result in changes of demand and hence supply of the phones.

Fireworks experience a boom at the Fourth of July in America.

Factors influencing demand and supply for nokia products with report and curve

If we consider the differentiation between the devices and revenue obtained from those then we see that marginal revenue from a smart-phone which is considered of the higher segment is greater than a phone from the lower end. Shift in supply to the left In this case, there is a fall in supply. The market structure of mobile phones is unusual, as in there is no perfect completion but there is no oligopoly either even though the market is driven mostly by a fewer number of big players in the industry. To help encourage those who can afford to buy, prices fall which can boost sales, and even more so if interest rates decrease. Increase in government subsidies will also reduce the cost of goods, e. This means business can supply more at each price. A commodity like gold may be bought due to speculative reasons; if you think it might go up in the future, you will buy now. Commercial Advertising Commercials on television, internet and radio have an effect on supply and demand in that they make more people aware of the availability of a product.

Trends Demand rises and falls on trends in many cases. Production Costs affect the number of mobile phones supplied in the market. If we consider the differentiation between the devices and revenue obtained from those then we see that marginal revenue from a smart-phone which is considered of the higher segment is greater than a phone from the lower end.

demand and supply analysis of samsung

Advertising is important for goods in which branding is important, e.

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(DOC) Samsung Analysis Managerial Economics