In the News articles below, it is implied that the large increase in Apple’s revenue and profit in 2017 has been associated with a deliberate price

In the News articles below, it is implied that the large increase in Apple’s revenue and profit in 2017 has been associated with a deliberate price increase. How can you explain this association?

A few weeks ago the editor in chief of a regional newspaper offered you the opportunity to write weekly columns on economic issues for Saturday editions. Since then you have been actively analysing different aspects of the economic impacts of different events using your knowledge in Economics. As a Bachelor of Business degree graduate you are particularly interested in the concept of price elasticity of demand and supply, you also know that the price elasticity is an important element of market structures (i.e. buyers in different markets have different price elasticities of demand). Last Saturday you published a column about power of markets. In your column “Market Structure and the Firm Behaviour” you discussed the differences and similarities between perfect competition and monopoly markets and provided an example for each type of market structures. In your column you also indicated that price elasticity is a way of looking at sensitivity of price related to product demand. A few days after publication of your column you received an email from the secretary of the Economic Society of Australia – QLD branch congratulating you on your last influential article, inviting you to be a keynote speaker in the near future event called Young Economist Speaker, a conference to be held in Brisbane. You are quite excited about this opportunity and accept the invitation. You find out that the Young Economist Speaker series this year focuses on Price Policies for New Products. The conference secretariat informs you that the organisers in particular are interested to focus on the multinational technology company, Apple Inc. as an example of a product-driven company with significant global presence. To make discussions more narrowly focused the conference secretariat sends you a few News articles as background information.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10