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The price elasticity of mobile phone is elastic, then it is luxuries good. Consumers have many substitutes mean that when the price grow up customer will buy from other brands.

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The price elasticity of mobile phone is elastic, then it is luxuries good. Consumers have many substitutes mean that when the price grow up customer will buy from other brands.

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The phone is not a necessity and there are many type of phone in the market. If the price of phone increases, less people will not buy a news phones.

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This is because the elasticity of phone is more than 1. The percentage change in quantity demanded of phone is greater than the percentage change in price of phone.

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Demand for mobile phone is price elastic

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Demand for mobile phone is price elastic

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This is mostly because mobile phones are not a necessity and there are many kinds of phones out there for people to choose. So if the price of mobile phone were to go up, fewer people would buy new phones and fewer people would upgrade their phones in hand.

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This is because there are several close substitutes. For example, Samsung, iPhone, Huawei and others. , If the price of Samsung rises, consumers will stop buying them and switch to the close substitutes

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Nowadays, mobile phone have become a necessity for people. People work, study, entertain themselves, communicate with one another by mobile phone. Hence, there is very few substitute that can really replace mobile phone's function.

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This is because phone have many different brand in the market. The brands provide the different price range for us such as Iphone and huawei.

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The demand for mobile phones is likely to be price inelastic. In this digital age, mobile phone known as a necessity good. Consumers need mobile phone to work and also contact others. Consumer have no ready substitute and still need to buy phone even with price changes. 

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The demand for mobile phones is likely to be price inelastic. In this digital age, mobile phone known as a necessity good. Consumers need mobile phone to work and also contact others. Consumer have no ready substitute and still need to buy phone even with price changes. 

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In my opinion, although mobile phones are indispensable for our daily life but its still a luxury goods due to its price. Consumers need to spend large proportion of income on mobile phones so the demand is more elastic.Futhermore, there are many different brands of mobile phone in market so the consumers can easily find substitutes for it.

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It is because if prices of mobile increase, fewer people would buy a new phones and fewer people would upgrade their existing phones. Mobile phone is not a necessity and there are already a lot of phones out there.

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It is because the mobile phones have many substitutes goods such as destop, laptop, tables and other brand of the phone.
If the price of mobile phones increase, the buyer will but other substituted good and not the mobile phone. So the relationship of the inverse.

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In this technologically advanced era, mobile phones become a "necessity's demand" for people nowadays. Peoples are willing to buy a mobile phones weather the price increase or decrease just because they can't leave it in their life.

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Mobile phone is a necessity product in our daily life.

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This is because the buyers of mobile phone do not care towards the changes in price of a phone. Nowadays, mobile phones have became the need of our lives, no one can live without a phone. Hence, the demand for phone will not be affected. Furthermore, a mobile phone is considered a luxury good. For instance, the price of an iphone increases every year and people tend to buy it.

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The demand for mobile phones is likely to be price elastic. This is because there are too many brands of mobile phone in the market. In this case, when the price of mobile phone increase, the quantity of demanded of that mobile phone will decrease.

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This is because mobile phones have many substitutes. Not only that, some mobile phones can be very luxurious. For instances, premium phones. Hence, when the prices of mobile phones increase, people will avoid buying new phones or buy a cheaper one.

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Phone have a large market, their sale risen as price drop and the prices can affected by the local store and after sales service

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The demand for mobile phones are price inelastic 

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The demand for mobile phones are price inelastic 

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Mobile phone nowadays can be luxury goods or essential goods depend on consumer preference. In my opinion mobile phones are essentials good, as technology advance

mobile phone has become one of the important thing to bring along with. Furthermore, various of mobile brand on the market, consumer can choose the product depend on their personal preference

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This is because mobile phones is a luxury good. Nowadays, there are a lot brand of mobile phones example Huawei, Iphone, Oppo and more. Consumers have many substitutes and they will buy phone from the other brands when the price of the other brands increase.

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Nowadays mobile phone is necessity in our daily life. We need mobile phone to contact people who are far away from us, searching information, watching video, playing game. Without mobile phone, we are suffering and can't do anything.

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Because there are a lot of mobile phone brand out already, so if once of the brand price rising people can buy another brand.

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In 21st century, mobile phones are becoming a necessary items in our life. In my opinion, mobile phones are price inelastic. Give an example like IOS products, although its prices are more expensive than other brands, its revenue didn't affected because of its prices. I think that affected the demand of mobile phones are the advancement of technology.

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This is because it isn't required, and there are numerous brands of phones available.

As a result, if prices rise, some consumers will purchase new phones and some will upgrade their old phones.