Supply and demand for the iphone 6 plus

Question

Assignment:

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.

Guidelines for this assignment are listed below:

1. Research the number of Apple iPhone 6 plus cellular phones that were released in the United States.
2. Identify the cost of the Apple iPhone 6 plus.
3. Discuss whether or not demand and supply are in equilibrium or is demand greater than supply.
4. Identify two factors that would cause the demand curve to shift to the left.
5. Discuss two factors that would cause the demand curve to shift to the right.
6. Identify two factors that would cause the supply curve to shift to the left.
7. Discuss two factors that would cause the supply curve to shift to the right.
8. State whether or not a price floor or price ceiling in the iPhone 6 plus would benefit consumers and why.
9. Discuss if the Apple iPhone 6 plus account is a market failure.