Description
Use demand and supply factors to explain and discuss how the demand of and supply for mobile phones are affected in OmanGuidance notes for TMA:The above question should be discussed based on what you learned in Ch. 2 listed in your course materials ECO340. You are going to discuss the different factors affecting the demand and supply for mobile phones in the country you are living in, using an essay structure with a clear-cut layout of an introduction, a body and a conclusion.In your introduction, you need to explain the trend of demand and supply for mobile phones in the country you are living now using a reliable consumption statistical data for the last five years. (300 words) In the body of your TMA, try to explain what determines the demand of mobile phone. Also, do not forget to explain what determines the quantity of a good that sellers of mobile phone products supply. Your discussion, as well as other parts of your TMA, must be based on up-to-date data with complete references. It is recommended to spend no more than 600 words on this part.Your discussion should be based on clear examples supported with proper data. You will need to use your textbook as a reference and published data and information in order to answer the above question. It is expected to provide proper graphs that explain the trend of demand and supply for mobile phones. You may translate your data into diagrams and match the theory with the application you are discussing. This part of your essay has the weightiest part of the TMA and carries the highest proportion of marks.Your conclusion should include a summary of what you have discussed in your essay showing how the policy makers may benefit from your analysis. (200 -300 words).
