8/18/2019 Graphical Document of Amendment
1/4
7.0 Conclusion
The competition experienced in this industry is monopolistic competition. Students themselves
choose internet service provider which they believe gives them the most satisfaction. Price as a
factor plays a major role however, which offsets this. As students their access to funds required
to purchase these internet services is severely limited. So income is another deciding factor in the
demand for internet services. Taste and preferences play little part when resources i.e. cash is in
short supply or scarce. Price and ncome are the most important factors affecting demand for
internet services among lower and upper sixth students in Presentation !ollege, !haguanas
8/18/2019 Graphical Document of Amendment
2/4
Purpose of study
The areas chosen for the study has a high number of youth among their populations. These youth
often ta"e part in negative activity such as smo"ing and consumption of alcohol. #rug use and
violence have become quite common. f this problem is not addressed, a generation may be at
sta"e and can lead youths towards a life of crime. The researcher has an interest in this topic ashe has experienced the adverse effects of peer pressure in his life. $e is an avid party goer and
ta"e part in these activities occasionally.
Price elasticity of demand of %&'()s internet service in was interpreted as *+ by using the
formula P# - / 0 1uantity demanded2 3 / 0 Price2. The price elasticity of demand can be
described as inelastic since there is a less than proportionate change in quantity demanded to a
change in price % ΔQ 4 % ΔP¿ . t was wor"ed out5 *+6/2 3 76/2 - *+
P..# - ΔQuantitydemanded
ΔPrice
Δ Price=Change∈ Price
Original Price X100
1 =$500
$5000 X100
1 = 76/
ΔQd=Change∈QuantityDemanded
OriginalQuantityDemanded X100
1 =−2mbps
10mbps X100
1 = -+6/
P..# -−20
10 - *+ % Δ – percentage change)
8/18/2019 Graphical Document of Amendment
3/4
A 8..# of 9 suggests that %low)s
internet service is a normal good that isvery elastic. This means that demand
rises by a greater proportion than
income when it rises. %low)s internet
services may be elastic since it has
many substitutes such as :&;
8/18/2019 Graphical Document of Amendment
4/4
&iscussion – ,/.( *$xpanded on the sources
'onclusion – (/( *Full mar1s
imitations – 2 *Remo!ed bullet points
Rec – *Remo!ed bullet point
4!erall presentation ./( *$xpanded on presentation
6ritin7 S1ills – (/3 *Impro!ed 0ritin7 s1ills
&etailed comments are in the edit column and also chec1
lin1 for A+A as 0ell as the rubric for mar1in7 0hich is in
)our s)llabus%
Top Related