Buyers in the market for iPhones learn that the price of the Samsung Galaxy has increased. Explain how this would shift demand in the market for iPhones.

iPhones and Samsung phones can be considered close substitutes, i.e. if the price of one increases, consumers may wish to switch to the cheaper alternative. This means the demand for the substitute will rise. In this particular case, as the price for Samsung phones increases, the demand curve for iPhones is likely to shift outwards/to the right.

TK
Answered by Tamara K. Economics tutor

3111 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Discuss measures to reduce an imbalance in the current account?


Explain what is meant by the rate of inflation and  analyse the main causes of inflation


Examine two reasons Company A plans to merge with Company B


What is the difference between law of diminishing returns to a factor and decreasing returns to scale?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning