Discuss whether the demand for mobile phones is likely to be price elastic or price inelastic. (T5) by Hazel Lim Hui Ling https://padlet.com/limhl2/z2c5hm8zg5st9f1s Made with mirth en-us 2021-11-16 03:57:23 UTC 2025-12-24 15:48:27 UTC hello@padlet.com 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. https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895908235 2021-11-17 03:46:25 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895908235 Price elastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895909766 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.]]> 2021-11-17 03:47:13 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895909766 Price elastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895910348 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.]]> 2021-11-17 03:47:34 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895910348 Demand for mobile phone is price elastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895910448 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.]]> 2021-11-17 03:47:38 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895910448 Price elastic peipeiruru https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895911025 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]]> 2021-11-17 03:47:58 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895911025 Price inelastic minern22 https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895913274 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. ]]> 2021-11-17 03:49:19 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895913274 price elastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895913901 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.]]> 2021-11-17 03:49:40 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895913901 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. 21033412 https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895914339 2021-11-17 03:49:56 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895914339 elastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895915124 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.]]> 2021-11-17 03:50:24 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895915124 mobile phones is price elastic jhteoh20 https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895915180 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.]]> 2021-11-17 03:50:26 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895915180 Price inelastic 05062002xuan https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895915288 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.]]> 2021-11-17 03:50:29 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895915288 price inelastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895915764 Mobile phone is a necessity product in our daily life.]]> 2021-11-17 03:50:43 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895915764 Price Elastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895917516 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.]]> 2021-11-17 03:51:40 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895917516 Price elastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895919118 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.]]> 2021-11-17 03:52:37 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895919118 Price elastic ngwaihonneo https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895919199 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.

]]> 2021-11-17 03:52:38 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895919199 Price inelastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895919251 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.]]> 2021-11-17 03:52:40 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895919251 Price elastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920079 Phone have a large market, their sale risen as price drop and the prices can affected by the local store and after sales service

]]> 2021-11-17 03:53:06 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920079 Price elastic booyt1019 https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920179 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. ]]> 2021-11-17 03:53:10 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920179 The demand for mobile phones are price inelastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920187 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
]]> 2021-11-17 03:53:10 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920187 Price inelastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920236 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.]]> 2021-11-17 03:53:12 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920236 Price elastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920429 Because there are a lot of mobile phone brand out already, so if once of the brand price rising people can buy another brand.]]> 2021-11-17 03:53:19 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920429 Inelastic of mobile phones https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920732 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.]]> 2021-11-17 03:53:30 UTC https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895920732 Price elastic https://padlet.com/limhl2/z2c5hm8zg5st9f1s/wish/1895927201 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.
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