What Effect Should Each of the Following Have Upon the Demand

question 10

Essay

What effect should each of the following have upon the demand for MP3 players? Explain your reasoning in each case.(a) the development of reasonably-priced smart phones that compete with MP3 players
(b) an increase in population and incomes
(c) a substantial increase in the number and quality free downloadable MP3s
(d) consumer expectations of substantial price increases in MP3 players
(e) a decrease in the price of MP3 players

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Definitions:

Role Construct Repertory

A psychological tool used to help individuals identify how they construe significant persons in their lives, revealing their personal construct systems.

Validity

The degree to which an idea, conclusion, or measurement is grounded in reality and probably reflects the actual state of affairs accurately.

Repertory Grid

A technique used in personal construct psychology to explore the ways in which individuals construe their experiences and people in their lives.

Constructs

Abstract concepts developed or constructed to understand or interpret the world.