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1.04 Demand Economics

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by

Janet Zonic

on 18 June 2015

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Transcript of 1.04 Demand Economics

My chart/graph was about the increase and decrease of demand when a product is released. For example, when the iPhone 6 came out, the demand for the product was at its highest point. After a few months into the product, the demand for the phone began to spiral downward. In here, D2 represents a decline in demand and D1 represents an increase shift in the demand. The company makes it money from the income that comes from the sales of this product. The only resolution to getting more money would be to lower the prices of whatever said item would be.
Image by Tom Mooring
1.04 Demand Economics
by Janet Zonic

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