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Glenda Hogan
September 16, 2006
Supply and Demand – Mini Ipod
University of Phoenix
ECO360
Instructor – Frank Kingsland

Whenever a hot new product comes out, the demand for it is usually extremely high. The intense marketing and promotions of these things boost the hype, which pushes the demand. However, the supply may be limited for these new hot products, which give manufactures the leverage as far as pricing is concerned. The Apple iPod Mini is one of those hot products that had limited supply when it first came out with high, high demand.
In 2004 Apple came out with a mini version of its popular iPod, a device that stores music that is chosen and loaded by the owner. At the time when the iPod mini was introduced it cost $249, just $50 cheaper than an iPod which had more than triple the storage space. So why was everyone going so crazy over an device with less storage space and cost almost as much as the original, larger version? Well, Apple got creative with their......

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Approximate Word Count: 621
Approximate Pages: 3 (250 words per double-spaced page)

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