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[Economics HL] Internal Assessment (IBYR1)

 Economics HL Internal Evaluation IBYR1 Essay

IB economics inner assessment cover sheet

University code

006047

Name of faculty

EF Foreign Academy – Tarrytown BIG APPLE

Candidate brand

*****

Prospect number

Teacher

*****

Subject of the content

PC revenue continue to land as mobile phones, tablets lower demand Way to obtain the article

http://www.ctvnews.ca/sci-tech/pc-sales-continue-to-fall-as-smartphones-tablets-cut-demand-1.1490972 Date the article was published

9 October 2013

Day the discourse was crafted

Click here to enter the day you done the discourse

Word count number (750 words maximum)

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Portion of the syllabus the article relates to (choose the one that is most relevant): Choose one:

☐Section 1: Microeconomics

☒Section a couple of: Macroeconomics

☐Section 3: International economics

☐Section 4: Advancement economics

Remarks:

-- IDC says that the PC market dropped nearly 8 percent to 81. 6th millions devices - Gartner says it fell practically 9 percent to 70. 3 large numbers

There is a decrease in demand, since consumers like other products (substitutes).

Law of demand: as the cost of a product falls, the quantity required of the item will usually increase, ceteris paribus.

Substitution impact: if a cost falls, it is more attractive for people to switch from the other products.

Alternatives: as the price of one raises, the demand to get the different decreases. " …Cheaper asus tablets and mobile phones cut into demand” The price tag on the alternatives (tablets and smartphones) is lower than the PCs' one.

Graph: there is a shift to the left from the demand curve.

Consumer excess:

An economic measure of buyer satisfaction, which can be calculated simply by analyzing the difference between what consumers are offering for a very good or services relative to their market price. A consumer surplus takes place when the consumer can be willing to pay more for a provided product compared to the current market price.

Producer excessive:

An economic measure of the difference between the amount...

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