Inelastic Demand Analysis

Governments tax goods with price inelastic demands in order to maximise revenue. Price elasticity of demand is a measure of the responsiveness of the quantity demanded of a good to a change in its price. An inelastic good is a good in which the changing of its price results in a proportionally smaller change in its quantity demanded. Due to the addictiveness of cigarettes and the difficulty to change addictive habits, cigarettes are inelastic goods. “California's Proposition 56 will increase taxes on a pack of cigarettes from 87 cents to $2.87.” Due to the small change in quantity demanded to an increase in price, when governments tax cigarettes there will be greater consumer expenditure and government revenue. In the graphs below, the tax revenue (TR1) for the good with an inelastic demand is significantly greater than the tax revenue for the good with an elastic demand (TR2). As well, the consumer burden (green) is larger for the inelastic good, whereas the producer burden (brown) is larger for the elastic good. Taxing cigarettes

Dean and Pollard’s article on the application of demand-control theory to sign language interpreting was informative. They adapted the demand-control model and how occupation stress of sign language interpreting landed on the scale. Yet, it was interesting that Dean and Pollard’s perspective on how applying the demand-control theory to sign language interpreting posed several challenges based on the linguistic and nonlinguistic demands. I thought this was an interesting new perspective as I read this article and analyzed the demand-control theory.

Computer technology is constantly advancing over software and hardware that is available at any one given time. These constant changes affect how long computer products can sell for a premium price but also can make it cheaper for those consumers that are not interested in the newest and latest components. Personal computers (PC), also known as desktop computers, are common place in jobs, schools and homes. The demand for personal computers is constant and revolving since components of computers gets better and more powerful with time. The target market then becomes anyone that uses a personal computer for home or work. HP uses the fact that computers are a common item in any office or home to their advantage and offers not only PC’s but other accessories pertaining to computers as well. While HP currently excels at providing a product for a decent price they are missing out on consumers that Equalus will focus

When making majority of my purchases I do research on the item and analyze all the reviews that are left from customers that have already purchased the item. The last personal electronic that I purchased was my Apple MacBook. The decision-making complexity was not a major issue when making this purchase. I have owned many laptops and they all seemed to have last for about three to four years. My wife has owned her MacBook for almost ten years and has never had an issue. I knew I was going to buy a MacBook and all the different specs that I could choose from never really made a difference. The individual influence from my wife played a major role in this purchase. She has never had any problems with her MacBook and pushed that I make the same purchase for my next computer. The social influence was not a major factor in the decision to make the purchase as many of my friends did not own a MacBook. The situational influence played two major factors against the purchase of the MacBook. The software that a MacBook uses is different from Windows that majority of computers use.

Yep, it's about that time again! Weather they're fresh out of Middle School starting their first day of High School or graduating from college going into Undergraduate studies, a laptop will be an essential part of almost every students educational experience. From research papers to book reports or chatting online with their pals on social media our millennials are in need of something new, something revolutionary, something great, and inexpensive! Here are some great options to consider while on the prowl hunting for new laptops.The ASUS X205TA Laptop is a handy piece of gear, it's slim and has a great quality and resolution to it as well. It comes jam packed with the essential needs such as Microsoft, Netflix, Twitter and Skype and it costs

With the implementation of rent controls (Rent ceiling), it is more favorable for society, if supply is relatively inelastic than when it is relatively elastic. The initial shortage with an inelastic supply is much smaller than the shortage displayed with a relatively elastic supply. When supply is relatively inelastic, the primary effect is that the price of rent is more affordable with its reduced price. The renters gain, while the landlords lose.

In modern day society, technology is a staple commodity. It helps us accomplish a myriad of tasks efficiently and

The Computer this day and age is coming to its peak as the module for the super information high way. I have noticed rising prices for the personal computer as sold from the common dealers such as Dell, Gateway and Macintosh. These overly priced computers are a rip, ranging anywhere from 999.99 to 1,300.00 dollars. This is outrageous; the pieces needed to build a computer are so inexpensive these days it would be idiotic not to build it yourself. The increased demand for computers has inflated the price of a tailor made computer that large companies make nearly 50 percent profits from each computer they make. I understand that the only thing stopping people from making their own computer is

Many thrive on having the latest model of technology. Most seat on the edge of their seats or more appropriately camp outside retail stores wanting to spend extra money to purchase a certain product the moment it becomes available. This mindset is quite the opposite within the rural communities I’ve choose to reveal this throughout my project. Technology is seeping into their world’s and each society deals with the evolution differently. Some carefully select only items that are needed for specific professions, while others find these “luxury” items completely useless for their content

Since the beginning of the Industrial Revolution in the 1860’s, people have rapidly improved people’s lives with technology. The first generations of computers started the base of computers and their system. These generations were influenced by inventers like Bill Gates, Steve Jobs, and Steve Wozniok facilitated the computers, tablets, and smart phone we use today. With tablets and smart phone being so accessible it is no surprise that computers are not as popular as they used to. Many people would prefer to have an item that can fit in their back pocket or bag, instead of having to carry a big, space consuming item. They would rather have a hand held tablet and can fit almost any where somebody needs it to. Everywhere there is technology;

Nowadays I have my own laptop. Complete with the newest version of Microsoft Word and every social media tool the internet has

We knew that while making our product we had to keep in mind that different type of customers wanted different things all depending on how much they were willing to spend on the product. For example, Our Workhorse demanded more Easy to use, Low price, has a distinct look, able to store a lot of data, After-sale service and support, can link with other computers, Fast and powerful. They needed something reliable and less expensive since they are the hardworking people that don not have too much money to spend The chart here explains a little better on the Workhorse needs and want. The price that the workhorse was willing to pay for the product was 2,500.

When shopping for a computer, one can look at the cost and compare it to other models. For instance, individuals usually have less to spend than organizations. The HP Envy model is adequate for companies looking for greater processing power (Intel Turbo Boost) (“HP Pavilion HPE,” 2011). The Dell Studio model is a little expensive; however, this model is adequate for small business and organizations. Similarly, the HP Companies looking for attractiveness will find the MacBook’s unique design quite appealing. Overall, these three models range in price from $649.99 to $1300.00, they are high end products known for quality and

Accordingly, we will first "analyze" competitive markets, by discussing demand and supply separately. Then we will try to put them back together (synthesize them) in order to understand the working of competitive markets.

There many products out there that appeal to a host of customers, however,I personally cannot do away with goods like the Smart TVs,cars,computers, washing machines ,pair of socks,pair of trousers,cellular devices;because of this I am on the look outout ‘’24/7’’ to see changes in their prices ,so I go in for them.