mahraalmazrouei100 mahraalmazrouei100
  • 25-01-2022
  • Business
contestada

Due to supply chain problems, iPhone’s cost of production prices increased. This made the retail price jump to Dh 6000. What is the impact on the demand of Samsung phone?

Respuesta :

ayfat23
ayfat23 ayfat23
  • 03-02-2022

Based on the provided information, the impact on the demand of Samsung phone will increase because Samsung serves as substitute goods for iPhone.

What is demand?

demand can be regarded as the quantity of a good that can be purchased willingly by a consumer.

Therefore, as the retail price jump to Dh 6000, demand for Samsung increases.

Learn more about demand at;

https://brainly.com/question/25220385

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