https://padlet.com/limhl2/u7wwutf00ykavnu0 Made with mirth en-us 2021-11-17 04:02:11 UTC 2026-02-18 18:53:28 UTC hello@padlet.com https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898483984 It is because mobile phone is not a necessary goods and that is a lot of the brand of phone. So when the price is increase fewer people would not buy the new phone and will go to buy another brand of phone.]]> 2021-11-18 02:44:43 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898483984 chanjian02 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898487486 This is because phone is a luxuries goods. There are already a lot of phones out there, so if prices were to go up fewer people would buy new phones and fewer people would upgrade their existing phones.]]> 2021-11-18 02:46:31 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898487486 kaileng https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898487847 Mobile phone is a luxury good because mobile phone is not needed in daily basis. Mobile phone has many substitutes such as iPad, laptop and others. When the price increases, the quantity demand will greatly decreases. So, the demand for mobile phone is elastic.]]> 2021-11-18 02:46:42 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898487847 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898488960 This is because there are already a lot of phone out there and it is not a necessary good. If the price increase , only a part of people will buy new phone and a part of people will choose to upgrade their phone that they are using now.]]> 2021-11-18 02:47:16 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898488960 21031154 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898490927 This is because many brands of mobile phones. When the price of a phone increase, some people will choose to buy other brands.]]> 2021-11-18 02:48:18 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898490927 behxinning https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898493298 In my opinion, I think mobile phone is a necessity good. This is due to nowadays mobile phone allow us to communicate in multiple ways and carry out our work efficiently. Without mobile phone, it can affect our daily life and cannot work efficiently.]]> 2021-11-18 02:49:29 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898493298 yunthng354 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898495146 Price elastic means that all the buyers are sensitive to the price.So,when the price of phones go down, buyers will immediately buy the phones.At the same time the quantity of phones will increases

      Besides than that phones is not a necessary  product for everyone.For an example, a part of people who lives in the kampong does not really need to use phones because the internet connection is weak.So,many people do not use the phones to contact each other.]]> 2021-11-18 02:50:24 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898495146 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898495885 this is because its luxuries good. it has any substitutes in different prices. people can afford their mobile phone based on their income . mobile phones are much needed this days as the era is following technology. ]]> 2021-11-18 02:50:45 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898495885 lingquan1717 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898496246 This is because mobile phones is a luxuries product which is easily to substitute like Huawei phone. When the price of mobile phones increases, the consumers need to spent larger percentage of their income on the mobile phone. Therefore, the demand for mobile phones more elastic.]]> 2021-11-18 02:50:55 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898496246 hsyinn14 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898497747 This is because mobile phone is luxury products.When the price of mobile phone increase,people will change to other substitutes products since the market nowadays has many brand of mobile phone to consume and it cause the quantity demand decrease.There are usually many substitutes for these products.]]> 2021-11-18 02:51:32 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898497747 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898497810 2021-11-18 02:51:34 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898497810 cxinyee1123 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898498070 Mobile phone is luxury goods. There are too many brands of mobile phone on the market. People will choose other brands of mobile phone when the price of mobile phone increase]]> 2021-11-18 02:51:42 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898498070 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898498999 This is because there are many types of mobile phone in the market. If the price increases, the sales of this phone will decreases since people will prefer to buy another brand mobile phone as a substitute.]]> 2021-11-18 02:52:12 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898498999 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898499027 The demand for mobile phones is going to be  price elastic, now this is because mobile phones have tons of other substitutes for example, the brands of mobile phones like Iphone and Samsung with many other brands,  and not to mention mobile phone is part of the luxury goods category where it is related directly to the consumers income too because it is quite expensive.

]]> 2021-11-18 02:52:13 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898499027 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898500214 The reason why mobile phone is price elastic is because price elastic is for product that for luxury and price inelastic goods is for rice and etc. 
-Pang Xin Ee]]> 2021-11-18 02:52:51 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898500214 makwenyi811 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898501369 Mobile phone is not a necessity good, and we will not need to buy it everyday or every month. Also, there are many other brand of mobile phone in the market, buyer can choose to buy which phone they prefer. So, if the price of mobile phone increases, it does not gives much impact on consumer.]]> 2021-11-18 02:53:28 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898501369 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898501569 This is because mobile phones are usually many substitutes. So, if the price of mobile phones increases, people will buy other products to substitute mobile phones.]]> 2021-11-18 02:53:33 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898501569 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898503136 Mobile phone is considered a luxury good, it is elastic. Mobile phone is not a necessity because already a lot of phone out there such as Iphone, Oppo, Samsung... So when the price increases, consumer would buy other brands' phone.]]> 2021-11-18 02:54:22 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898503136 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898508020 The demand for mobile phones is price elastic because mobile phones is luxury goods. Mobile phones is not a necessity and there are already a lot of phones in the market. So if prices of the mobile phones increase, the people want to buy new phones and the people want to upgrade their existing phones will decrease. ]]> 2021-11-18 02:56:52 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898508020 https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898510755 Mobile phones have now changed from a luxury item to a demand item in our lives, because now we all use mobile phones for work, study or life. For example, we use mobile phones to pay and use mobile phones to attend classes. So, if the phone prices increase, people also will buy the mobile phone.]]> 2021-11-18 02:58:11 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898510755 chinyiyap https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898526366 It is because mobile phone is luxury products, has many substitutes on market and it is no a necessity. So if the mobile phone price increase, the demand will decrease. ]]> 2021-11-18 03:06:20 UTC https://padlet.com/limhl2/u7wwutf00ykavnu0/wish/1898526366