Theme: -- ‘Buddhism Earlier and Present' Sub-theme: -- " Ladies Empowerment through Buddhism”. Publisher name: -AshwiniSudhakarShirsath Address: -VanitaVihar, AGC, Karve Rd, Pune-4 Mobile no .: -8983462187…...Read
IB economics inner assessment cover sheet
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EF Foreign Academy – Tarrytown BIG APPLE
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
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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
-- 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.
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.
An economic measure of the difference between the amount...
Globalization is the discussion of community economies to become one big economy, for the sole reason for enhancing free of charge trade, expansion and productivity and work. It stresses the neo-liberal…...Read