Electric Car Industry Analysis 2022

Running head: MICROECONOMICS
Microeconomics
Name of the Student
Name of the University
Author note

MICROECONOMICS
1
EXECUTIVE SUMMARY
This paper intends to analyse different product markets on the basis of microeconomic theories.
This paper taken into consideration five different products from five different industries and
assesses those product markets depending on five different economic theories such as production
possibility frontiers, market equilibrium, price elasticity of demand, utility theory and demand
determinants.

MICROECONOMICS
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Table of Contents
Introduction......................................................................................................................................3
Analysis...........................................................................................................................................3
Analysis 2.1 (PPF).......................................................................................................................4
Source......................................................................................................................................4
Summary..................................................................................................................................4
Analysis...................................................................................................................................4
Analysis 2.2 (Demand and Supply).............................................................................................5
Source......................................................................................................................................5
Summary..................................................................................................................................5
Analysis...................................................................................................................................5
Diagrams..................................................................................................................................5
Analysis 2.3 (Market Equilibrium)..............................................................................................6
Source......................................................................................................................................6
Summary..................................................................................................................................6
Analysis...................................................................................................................................6
Diagrams..................................................................................................................................6
Analysis 2.4 (Price elasticity of demand)....................................................................................7
Source......................................................................................................................................7
Summary..................................................................................................................................7
Analysis...................................................................................................................................7
Diagrams..................................................................................................................................7
Analysis 2.5 (Utility)...................................................................................................................8
Source......................................................................................................................................8
Summary..................................................................................................................................8
Analysis...................................................................................................................................8
Diagrams..................................................................................................................................8
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

MICROECONOMICS
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Introduction
This paper includes five articles based on five different product markets. Moreover, it
analyses these articles on the basis of five different microeconomic concepts. This paper taken
into consideration five different products from industries such as smartphone, fashion, fruit,
coffee and automobile. It analyses how the market of electric car influence due to PPF. The
market for Starbucks coffee is examined on the basis of price elasticity of demand. The market
for fashion brands are analyzed in terms of utility theory. Moreover, the market for durian is
analyzed depending on market equilibrium. The market for Apple iPhone is assessed on the basis
of demand determinants.
Analysis