Demand
Demand
Feb 15, 2016
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. - PowerPoint PPT Presentation
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Demand
• 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.
The Market for the IPad
•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.
Part 1: Complementary Products
Complementary Product 1
Type description here
Complementary Product 2
Type description here
Complementary Product 3
Type description here
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.
Complimentary Products
D1
Quantity of Compliments
Price
D2
•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.
Part 2: Substitute Products
Substitute Product 1
Type description here
Substitute Product 2
Type description here
Substitute Product 3
Type description here
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.
Substitute Products
D1
Quantity of IPads
Price
D2
Find pictures online to describe the following scenarios
Show the result of the scenario by shifting the curve in the correct direction.
1. Consumer Income2. Price of Related Products3. Consumer Tastes4. Consumer Expectations5. Population
Part 3: Determinants of Demand
Scenario: US consumers experience an increase in general levels of income.
Consumer Income
D1
Quantity of Consumer Goods
Price
D2
Place Picture Here
Scenario: A recession causes US consumers to experience a decrease in general levels of income.
Consumer Income
D1
Quantity of Consumer Goods
Price
D2
Place Picture Here
Scenario: Gatorade raises their prices. People begin buying Powerade. Show the demand curve for Powerade
Price of Related Products
D1
Quantity of Consumer Goods
Price
D2
Place Picture Here
Scenario: Pepsi lowers their prices. People stop buying Coke. Show the demand curve for Coke.
Price of Related Products
D1
Quantity of Consumer Goods
Price
D2
Place Picture Here
Scenario: People find out that Oranges have health benefits that fight cancer.
Consumer Tastes
D1
Quantity of Consumer Goods
Price
D2
Place Picture Here
Scenario: A successful advertising campaign attracts many consumers to the tablets. Desktop PC’s become less popular.
Consumer Tastes
D1
Quantity of Consumer Goods
Price
D2
Place Picture Here
Scenario: Ford announces a brand new model of the F150. Show the curve for consumption of the old F150.
Consumer Expectations
D1
Quantity of Consumer Goods
Price
D2
Place Picture Here
Scenario: Consumer’s expect the price of meat to rise in the next 6 months. Show the demand curve for meat today.
Consumer Expectations
D1
Quantity of Consumer Goods
Price
D2
Place Picture Here
Scenario: Apple’s Ipad received approval to be sold in China. Population
D1
Quantity of Consumer Goods
Price
D2
Place Picture Here
Scenario: Glynn County experiences a decrease in population.Population
D1
Quantity of Consumer Goods
Price
D2
Place Picture Here
Imagine that your income just increased. Find a good that you would buy more of (normal good) and a good that you would buy less of (inferior good).
Consumer Income
Place Picture of Normal Good Here
Place Picture of Inferior Good Here
Type description here of what makes these goods “normal” or “inferior”
List a product that you own and a complement to that product below.
Price of Related Goods
Place Picture of Product Here
Place Picture of Compliment Here
Type description here of what makes these goods “compliments”
List a product that you own and a substitute to that product below.
Price of Related Goods
Place Picture of Product Here
Place Picture of Substitute Here
Type description here of what makes these goods “substitutes”
List a product that you owned in your past that you would no longer purchase. Then list a product that you either want or have and is popular today.
Consumer Tastes
Place Picture of Past Product Here
Place Picture of Popular Product Here
Type description here of what made your taste for that product change
List a product that you owned in your past. Then list a picture of an update/innovation to that product.
Consumer Expectations
Place Picture of Past Product Here
Place Picture of Innovative Product Here
Type description here of how the product became innovative and why you would no longer have the demand for the original product
List a scenario where the number of buyers increased and caused the demand for other products to go up as a result.
Population
Place Picture of Increase in Population Here
Place Picture of Products that Will Experience and Increase in Demand Here
Type description here of why population increases caused the demand for goods and services to change
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