<p>My AP ECON assignment is due tommorow and I need to know the answers to these questions to make sure I get into the class because everyone is basically cheating, and I need help and its soo competitive, so those of you who are “smart” time to show off your stuff.</p>
<p>Here is the exercise:</p>
<p>The Cell Phone was invented in 1973, and during the first 20 years of its life, few people used one, except as a car phone. But during the 1990s, the use of cell phones increased dramatically and the price of the cell phone service fell.</p>
<p>1) Are there any substitutes for cell phones? If so, provide an example.</p>
<p>2) Do cell Phones have any complements? If so, provide an example.</p>
<p>3)What are the main developments that brought about the dramatic increase in cell phone use during the 1990s?</p>
<p>4) Which of the developments that you have identified increased the demand for cell phones? Illustrate these effects by using the demand curve for cell phones.</p>
<p>5) Which of the developments that you have identified increased teh quantity demanded of cell phones? Illustrate these effects by using the demand curve for cell phones.</p>
<p>SOMEONE PLEASE, PLEASE ANSWER THESE SO I CAN SEE IF I AM CLOSE OR NOT,****this decideds whether I get into the class or not, and I really want to get in…</p>
<p>stop soliciting information from all the different forums, I hope the CCers on here are more than intelligent not to help you when there is an abundance of online resources.</p>
Changing consumer tastes (preference grows for fast-paced, on-demand, always-in-touch lifestyle); cheaper complements (w.r.t demand); improvements in technology that made cell phone batteries smaller and longer lasting. Increased profitability of complements in supply to cell phones (like microchips, etc.)</p>
<p>
I have it on good authority from leading economists that this nonsense so heavily emphasized in high school about demand vs. quantity demanded is some kind of ridiculous game of “Simon says”. You presumably have enough brains to read the book’s definitions and apply them, but not try to take it too seriously so that your brain is not broken if you ever actually have to do real economics.</p>
<p>It’s not very hard, if you dont know, just check online someplace. Also, tell us what you got and we’ll tell you whether you are right. After all, you just want to check your answers, right?</p>
<p>If you are trying to cheat, dont look here. check what substitute and compliment means first and you’ll be good. its not very hard, you just need to put in some effort. If you are not willing to invest the minimal time in, the class probobly isnt for you.</p>