economics

Career: Computer Scientist Income (before tax) $120,000.00 Total Yearly Budget $65,000 Total Yearly Expenses $54,381 Net Income (after tax) $86,016.25 Difference (net income minus expenses) $31,635.25 Entertainment Yearly Cost Video/DVD ?$20 Vacation ?$700 Other ?$300 Subtotals ?$1020 Other Credit Debt Yearly Cost Student Loan ?$6,000 Credit Card ?$500 Credit Card ?$500 Other ?$300 Subtotals ?$7,300 Utilities Yearly Cost Phone and/or Cell Phone ?$720 Cable and Internet ?$840 Electric and Gas ?$1220 Water and Sewer ?$650 Waste Removal ?$300 Subtotals ?$3730 Personal Care Yearly Cost Health Insurance ?$3,420 Other Medical Costs ?$400 Hair/Nails ?$50 Clothing & Laundry ?$300 Health Club

In the curve labeled D2, both the demand and price decreased for the waterproof iPhone case. Tastes and preferences could play a huge part in this decrease because of the poor quality of the case. People realized that the quality of the case wasn?t so great and the effectiveness of the waterproof element of the case didn?t work so well. In the curve D1, an increase in demand for the case could be caused by people hearing that the prices will be going up in the future. The people expect the price of the case to increase so more people are willing to buy it now.
Text automatically extracted from attachment below. Please download attachment to view properly formatted document.
---Extracted text from uploads/economics/1.04_demand.docx---