Assignment: Supply & Demand Outline ECONOMICS
For this assignment you are to write a 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:
• 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.