Project Homework: Supply And Demand Outline
For this homework you are to write a 1 to 2 pages 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 homework leading up to your final submission.
Guidelines for this homework are listed below:
I. Research the number of Apple iPhone 6 plus cellular phones that were released in the United States.
II. Identify the cost of the Apple iPhone 6 plus.
III. Discuss whether or not demand and supply are in equilibrium or is demand greater than supply.
IV. Identify two factors that would cause the demand curve to shift to the left.
V. Discuss two factors that would cause the demand curve to shift to the right.
VI. Identify two factors that would cause the supply curve to shift to the left.
VII. Discuss two factors that would cause the supply curve to shift to the right.
VIII. State whether or not a price floor or price ceiling in the iPhone 6 plus would benefit consumers and why.
IX. Discuss if the Apple iPhone 6 plus account is a market failure.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.