Group3-keyan,farah,winfred,suhaila,kimli

And who is the 'I' in your essay? =) ||
 * ~  ||~ Student's posts ||~ Teacher's comments ||
 * Project A || [[file:Group 3 _ Project A.doc]] ||  ||
 * Project B || [[file:Project B_edited2.docx]][[file:Project B_edited.docx]][[file:Group 3 _ Project B.doc]] || Analysis is wrong. Factors affecting dd and ss is right though. What you would want to do instead is to analyze the impact on both eqm price and qty due to changes in dd/ss. Note, producers do not increase/decrease the prices. I like how you explain the impact on dd for iPad given a fall in price of sub. However, question is even if you invest in R&D, will your prices drop immediately? If it doesn't then what would you do to reduce prices now?
 * Presentation materials || [[file:Group 3.pptx]] || Your ans keep going back to signaling and rationing function which is not the main focus of the project. Look thr your lect notes again and see what happens when their is a change in dd/ss. What you are implying is the price falls back to the original price and thus no change in eqm price. But is that the case the moment we have a shift in dd/ss?? ||

Comments: Rachel-ppt-slide 13- Increase in supply of tablets does not really mean that the price of ipad would fall.....? I think price of other tablets might fall, but maybe not ipad's.

Han Qi : Project B's first demand and supply curve. They talked about Samsung Galaxy Tab, HP 3G touchpad and other tablet products and put their explanation into one diagram. Quantity of Tablets is put on one of the axes, however the prices of tablets differ from one another. Therefore cannot just be grouped into one and explained in one diagram.

Abigail : Project A-Prices of goods are not determined by price mechanism. Project B-Substitutes were not defined clearly->goods that satisfy the same wants, not because they have the same things. Presentation- Good acting! :)

Ronda: Project B: Graphs should be included to clearly show how the increase in number of sellers will ultimately affect the supply of iPad.(Shift in supply/demand curves, etc) Similarly for all the other factors. Slide 16 should also be further elaborated and explained because how the supply of ipad is affected is not covered. "Due to the increase in cost of production, i would increase the price of iPad in order to maximise profits" should be further elaborated to something like "Due to the increase in cost of production, firms will earn a lower profit per unit. As a result, at each possible price, fewer units will be supplied, resulting in a leftward shift in the supply curve for ipad." Plus, if the "i" is referring to the firms producing ipad, then it is incorrect as producers do not determine the price of the ipad. It is the consumers that determine the price of the ipad through their demand for it. Hence, the "i" must be clearly stated. Overall, creative way of presentation :D:D GOOD JOB:D