Explain law of demand to a recent purchase of a new phone

Reference no: EM133295039

Assignment:

Questions:

1. Explain the law of demand to a recent purchase of a new phone

2. Explain why prices are always flexible.

3. Analyze the role of the government when determining prices in markets.

4. Identify one determinant of demand that has influenced the price that the phone that has been recently purchased and how it influenced markets.

5. Identify one determinant of supply that has influenced the price that the phone that has been recently purchased and how it influenced markets.

Reference no: EM133295039

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