For this assignment you are to write a 1 to 2-page paper that addresses supply and demand for the iPhone 6 plus.
Note: The Apple iPhone 6 plus cellular phone will be researched for each course project assignment leading up to your final submission.
Guidelines for this assignment are listed below:
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- Research the number of Apple iPhone 6 plus cellular phones that were released in the United States.
- Identify the cost of the Apple iPhone 6 plus.
- Discuss whether or not demand and supply are in equilibrium or is demand greater than supply.
- Identify two factors that would cause the demand curve to shift to the left.
- Discuss two factors that would cause the demand curve to shift to the right.
- Identify two factors that would cause the supply curve to shift to the left.
- Discuss two factors that would cause the supply curve to shift to the right.
- State whether or not a price floor or price ceiling in the iPhone 6 plus would benefit consumers and why.
- Discuss if the Apple iPhone 6 plus account is a market failure.
Assignment must align with the following guidelines:
- Title page
- 1 to 2-pages of content
- At least two sources
- Reference page
- APA formatted
For more information on APA formatting, please click the Resources tab in this course and check out the Library Resources area.
Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates.
Save your assignment as a Microsoft Word document. (Mac users, please remember to append the “.docx” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below: