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Katie Edwards

iPhone 4 on preorder at Sprint 'while supplies last' - CNET News - 3 views

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    This article predicts the demand for the new iPhone 4S, given the available resources. The main service providers are ALWAYS in competition over the latest smart phones, and now Sprint has joined the battle with AT&T and Verizon. The price has been significantly lowered for the older versions of the phone, and the newest version is pretty expensive. Many people will be willing to pay the higher price because of the features and higher level of technology.
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    By using the words "while supplies last", companies usually convince people that there is a bigger demand for their product than there is supply. This would actually influence demand, because people will think that everyone else wants this phone, and they won't be able to get it if they don't get it soon, so the demand may actually increase by saying this.
Nadiya Safonova

Demand for Water Rises - 3 views

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    This article adresses the issue of the increasing demand for water. In the readinig in Lesson 1 this week, we learnt about factors that affect demand, one of them was population. The world's population is increasing, therefore the demand for all resources is going up. This takes into account another factor that affects demand...the demand for other goods which are compliments, this article discusses agriculture. So with the growing population, not only will the demand for drinkng water increase, but also its demand will increase for agricultural purposes and many more.
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    The demand for water is very unique because it isn't just in demand for one purpose, as you alluded to. We use it for drinking, but also washing, agriculture, industrial uses, etc. On top of all that, the market consists of all living things... making it very in demand at all times. Good choice of article!
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