A product that I have had experience purchasing is a computer. I bought it for attending college, but I have used it for so many other purposes. Today, having a computer has almost become a necessity; people use them for school, shopping, research, and communication. Many things that you may be on the lookout for, you can only find on the internet. Today, many people own a computer already and have no need to purchase another one. New discoveries In technology could be a factor In the change of supply and demand.
For Instance, If they found a newer and cheaper ay to produce computers, then the price of them would go down, making the demand rise even more. Some of this products substitute would be another factor. Substitutes are goods that are usually used In place of one another. Today, people are able to access the World Wide Internet through their cellular devices, Glenn them the opportunity to make the same transactions or do the same research that they would be able to do on their computers; this Is making It almost unnecessary to own a computer.
There are also places Like the public library that offers use of their amputees at no cost to you, which is how I did all my homework and research for school before purchasing a computer. These substitutes could make the demand for computers to decrease, which in turn will cause the quantity to increase. There are some items that are made to complement computers, such as software or routers. Without some of these products, the computer that you purchased may be of no use to you.
In the case of schooling, there are requirements for certain software’s that do not come already included in your computer purchase, and you also need to set up our means for internet connection, which would require a wireless router, broadband, dial-up, or Wi-If. Either way, your computer does not come already installed with these applications, they must be purchased separately. The impact that computers have on people’s everyday life have made them nearly a necessity which can impact price elasticity. People need computers for home life, work, or communication, but they are an expensive product.
So, people will shop around to try and find the best deals on the computer that they prefer. There are many different options available for someone looking to purchase a computer. There are desktops or laptops, PC or MAC, different sizes and storage capacities, and deferent suppliers. The choice of buying a computer provides many different options, giving the price elasticity. Some are more expensive than others. Computers are changing every day; they are becoming smaller, easier to access, more options, and software.
They are built into our phones and GAPS systems, and can be found Just about anywhere. I believe that computers will always be a huge product which will be costly, but there re a few factors that may change that In the future. Because they have been around for so long, most people already own one, the ability to use public computers, and the different forms of technology that are being Invented every day, provide many different options for people that could steer them away from a regular desktop or laptop computer.
Purchasing Computer By Jennie no need to purchase another one. New discoveries in technology could be a factor in the change of supply and demand. For instance, if they found a newer and cheaper Substitutes are goods that are usually used in place of one another. Today, people are able to access the World Wide internet through their cellular devices, giving them would be able to do on their computers; this is making it almost unnecessary to own a computer.
There are also places like the public library that offers use of their laptops, PC or MAC, different sizes and storage capacities, and different suppliers. Are a few factors that may change that in the future. Because they have been around for so long, most people already own one, the ability to use public computers.