Discuss the factors causing the demand for the iPhone to shift to the right.

Section 1 is definitions - define demand - the quantity of a good/service consumers are willing/able to buy at any price/timeSection 2 - Draw Diagram Section 3 - Analyse factors causing the shift - while applying to the question! Section 4 Analyse which factor is the most likely.
Possible factors - Fashions and Trends, Price increase of a substitute good, decrease in price of complements like chargers and apps

Answered by Luke Y. Economics tutor

1391 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Evaluate the use of supply side policies as a means of controlling UK inflation (30 marks)


Evaluate one reason why trade may be beneficial for an economy (5 marks)


What is are economies of scale?


What are the factors affecting the price elasticity of demand?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2024

Terms & Conditions|Privacy Policy