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Demand. The Market for the IPad. The Ipad originated in 2010 and has consistently been the leader in the market for tablets. This PPT will be based on the market for Ipads . . Part 1: Complementary Products.

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Presentation Transcript
slide2

The Market for the IPad

  • The Ipad originated in 2010 and has consistently been the leader in the market for tablets.
  • This PPT will be based on the market for Ipads.
slide3

Part 1: Complementary Products

  • Find 3 products, such as the ones below, that would be considered complements to the Ipad. Find and paste pictures on the next 3 slides and type a description of how these products are complementary to the IPad.
slide4

Complementary Product 1

Type description here

slide5

Complementary Product 2

Type description here

slide6

Complementary Product 3

Type description here

slide7

Complimentary Products

  • Answer the following:
  • Compliments to the Ipad will most likely experience an ______________in demand because of the popularity of the Ipad.
  • Show how a change in demand for the Ipad would shift the curve below
    • Move curve and arrow in the direction of the shift.

Price

D1

Quantity of Compliments

D2

slide8

Part 2: Substitute Products

  • Find 3 products that would be considered substitutes to the Ipad. Paste their pictures on the next 3 slides and type a description of how these products are substitutes to the IPad.
slide9

Substitute Product 1

Type description here

slide10

Substitute Product 2

Type description here

slide11

Substitute Product 3

Type description here

slide12

Substitute Products

  • Answer the following:
  • Substitutes are likely to cause a ______________in demand for iPad.
  • Show how the change in demand would shift the curve below
    • Move curve and arrow in the direction of the shift.

Price

D1

D2

Quantity of IPads

slide13

Part 3: Determinants of Demand

  • Find picturesonline to describe the following scenarios
slide14

Consumer Income

  • Find a picture online to describe the following scenario.
  • Show the result of the scenario by shifting the curve in the correct direction.
  • Scenario: US consumers experience an increase in general levels of income.

Price

Place Picture Here

D2

D1

Quantity of Consumer Goods

slide15

Consumer Income

  • Find a picture online to describe the following scenario.
  • Show the result of the scenario by shifting the curve in the correct direction.
  • Scenario: A recession causes US consumers to experience a decrease in general levels of income.

Price

Place Picture Here

D2

D1

Quantity of Consumer Goods

slide16

Price of Related Products

  • Find a picture online to describe the following scenario.
  • Show the result of the scenario by shifting the curve in the correct direction.
  • Scenario: Gatorade raises their prices. People begin buying Powerade. Show the demand curve for Powerade

Price

Place Picture Here

D2

D1

Quantity of Powerade

slide17

Price of Related Products

  • Find a picture online to describe the following scenario.
  • Show the result of the scenario by shifting the curve in the correct direction.
  • Scenario: Pepsi lowers their prices. People stop buying Coke. Show the demand curve for Coke.

Price

Place Picture Here

D2

D1

Quantity of Coke

slide18

Consumer Tastes

  • Find a picture online to describe the following scenario.
  • Show the result of the scenario by shifting the curve in the correct direction.
  • Scenario: People find out that Oranges have health benefits that fight cancer.

Price

Place Picture Here

D2

D1

Quantity of Oranges

slide19

Consumer Tastes

  • Find a picture online to describe the following scenario.
  • Show the result of the scenario by shifting the curve in the correct direction.
  • Scenario: A successful advertising campaign attracts many consumers to the tablets. Desktop PC’s become less popular.

Price

Place Picture Here

D2

D1

Quantity of Desktop PCs

slide20

Consumer Expectations

  • Find a picture online to describe the following scenario.
  • Show the result of the scenario by shifting the curve in the correct direction.
  • Scenario: Ford announces a brand new model of the F150. Show the curve for consumption of the old F150.

Price

Place Picture Here

D2

D1

Quantity of Old F150

slide21

Consumer Expectations

  • Find a picture online to describe the following scenario.
  • Show the result of the scenario by shifting the curve in the correct direction.
  • Scenario: Consumer’s expect the price of meat to rise in the next 6 months. Show the demand curve for meat today.

Price

Place Picture Here

D2

D1

Quantity of meat today

slide22

Number of Buyers

  • Find a picture online to describe the following scenario.
  • Show the result of the scenario by shifting the curve in the correct direction.
  • Scenario: Apple’s Ipad received approval to be sold in China.

Price

Place Picture Here

D2

D1

Quantity of Ipads

slide23

Number of Buyers

  • Find a picture online to describe the following scenario.
  • Show the result of the scenario by shifting the curve in the correct direction.
  • Scenario: Glynn County experiences a decrease in population.

Price

Place Picture Here

D2

D1

Quantity of consumer goods.

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