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Essay heading: Product pricing component
 
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Issue: Business
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Date added: September 26, 2000
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No of pages / words: 9 / 2258
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Each of these products was used before cell phones were invented and are becoming more obsolete. Many of them are just as costly as a cell phone. A land line would have the most impact on the price of cell phones. Some consumers may purchase cell phones for the sole reason that a cell phone plan is cheaper for long distance calls then a landline...
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If the price of cell phones increased, the demand would decrease from the individuals that use it for the sole purpose of long distance calling. Cell phones are relatively price elastic. If the price of a cell phone increases, people will continue to keep their old cell phones instead of purchasing newer improved phones...
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