Saturday, September 22, 2018

FIVE ECONCMICS CONCEPTS

                                APPLE   I PHONE’S


Consumer surplus:- The people are willing to spend 1 lakh’s rupees to buy i phone .The consumer will  get satisfied for the product 

  PRICE DISCRIMINATION :-  There is a  pricing changes  different consumers are charged different prices for the same product service. Apple charges different prices for the same product to differentconsumers  based on different county’s. Apple charges high prices 20 %extra  on phones compare to USA

VEBLEN GOODS :- The i Phones prices increases at any point the demand will be same for i Phone products . Because  it is nish market apple target’s mostely 

MONOPOLISTIC MARKET :- Market structure of apple is monopolycomes to the smartphones , mac books. As there are very few firms thatdominate apple. Because apple is using  their own  “os”  for i phones and mac bookstores 


PEOPLE RESPOND INCENTIVES:- People always respond to incentives Apple offers few deals on certain days              likeThanksgiving, Blackfriday, Boxing day etc., on such days they give discounts on phones in US . The people who wants to buy Iphone they like tto buy on that day. people responding to the incentives given by apple







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