https://padlet.com/limhl2/7d27uhqqh7p1xpcv Made with mirth en-us 2021-11-18 05:55:34 UTC 2025-11-08 07:19:31 UTC hello@padlet.com https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901560628 phone is elastic.This is because phone is luxuries.When the price of mobile phone increase, people will buy other gajet so the seller's price is sensitivity.

]]> 2021-11-19 07:39:47 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901560628 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901561907  This is because the mobile phone is a luxuries product. That will have substitutes of mobile phone. The buyers can buy other brand instead of the price of mobile phone is increased.]]> 2021-11-19 07:40:34 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901561907 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901562007 This is because mobile phone is a luxury good. Mobile phone has many substitutes like laptop and tablets. So when the price increases, people will buy from other products .]]> 2021-11-19 07:40:38 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901562007 siewyikching https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901563390 This is because mobile phones are not a necessity, and there are already a lot of phones available, so if prices were to rise, less people would buy new phones and less people would upgrade their existing phones.]]> 2021-11-19 07:41:38 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901563390 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901563484 This is because price elastic is refer to a product can be easily substituted. For instance, there are many type of mobile phone brand in the market such as Apple, HUAWEI, OPPO and so on. Therefore, consumer can buy the mobile phone based on their preference since there are many choice.]]> 2021-11-19 07:41:42 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901563484 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901565142 This is because mobile phones are luxuries goods .There are many substitutes for mobile phones. When the price of mobile phones increase, quantity of demand for mobile phones will decrease. People will choose to buy other brand that is cheaper than it. ]]> 2021-11-19 07:42:54 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901565142 ahbe03 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901566010 The phone is considered as a luxuries product. When the price of a phone drops, people will buy it. ]]> 2021-11-19 07:43:31 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901566010 limchoonwoi0324 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901566512 The price elasticity of demand for mobile phones is elastic because mobile phones is a luxury product. Therefore, the consumers are sensitive to the price of mobile phones. For example, when the price of mobile phones increases 10%, the quantity demanded for mobile phones will decrease more then 10%. Bersides, the mobile phones has a large percentage of income spent on it. If the mobile phones is more expensive, consumers will not buy or decrease the quantities of mobile phones due to their budget is not enough.]]> 2021-11-19 07:43:48 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901566512 celinetan1024 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901566837 This is because mobile phones are luxury products that are not required in our daily life. If the price of phones increases, the quantity demanded will decrease.]]> 2021-11-19 07:44:01 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901566837 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901569172 This is because there are alot of other phones on the market. So if prices rise, fewer people would buy new phones, people would rather update their old phones]]> 2021-11-19 07:45:34 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901569172 qingyew2003 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901569426 Nowadays, people have a lot of freedom to choose their mobile phones such as iPhone, Samsung, Huawei, and so on. So, if a product can be easily substituted, its demand is ELASTIC. Moreover, people spend a larger percentage of their income on their mobile phones. Therefore, they affect consumers' budgets with a bigger magnitude and cause more ELASTIC in demand.]]> 2021-11-19 07:45:43 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901569426 kahmun12 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901569586 Mobile phones actually become a necessity for people nowaday.Everybody need mobile phones no matter what brand they use for different uses in dailylife.]]> 2021-11-19 07:45:49 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901569586 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901569612 In my opinion, that is necessary. It is because there are a lot of branded phones out there. People will be more considered to be serviceable.]]> 2021-11-19 07:45:50 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901569612 ryantang20 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901569986 The demand for mobile phones is likely to be elastic because it's consider as one of the luxuries item. If a price of a mobile phone decrease, the demand for mobile phone will increase.]]> 2021-11-19 07:46:07 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901569986 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901571448 Mobile phone demand is inelastic because mobile phone is consider as necessity good. Nowadays people cannot live without mobile phones. Therefore, people are wiling to buy mobile phone although the price increase. For example, no matter how the Apple increase the iphone price, demand for iphone is not affected.]]> 2021-11-19 07:47:05 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901571448 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901578841 Nowadays, due to the advancement of technology, mobile phones are indispensable for our studies or business as many things are carrying out online. The demand for necessities such as mobile phone would usually be inelastic as people like students, especially college students would need them.]]> 2021-11-19 07:52:08 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901578841 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901583426 This is because mobile phones is a luxury good. Mobile phone is convenient than laptop, but mobile phones has a most of laptop's function. And also per person per mobile phone. Price requirements are great.

]]> 2021-11-19 07:55:18 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901583426 yunshan21 https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901618567 2021-11-19 08:20:11 UTC https://padlet.com/limhl2/7d27uhqqh7p1xpcv/wish/1901618567