demand of the iPhone

  • Description of the good or service.  It is important to carefully describe the boundaries of marketplace under examination.
  • Description of recent (last 5 years) changes in demand for the good or service (NOT supply!) as indicated by volume and possibly price.
  • Identification of non-price determinants of demand and analysis how they have contributed to the changes in demand previously described.
  • Analysis of elasticity of demand for the good or service; how sensitive volumes are to changes in price. 


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