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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Explain the effect of each event on the demand for cell phones.
The following events occur one at a time in the market for cell phones:
• The price of a cell phone falls.
 Everyone believes that the price of a cell phone will fall next month.
 • The price of a call made from a cell phone falls.
• The price of a call made from a land-line phone increases.
 • The introduction of camera phones makes cell phones more popular
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