Economics For Business



Production, Cost and Supply, and Market Equilibrium

An article in the 'journal of advancements in computing technology', by Gao. X., Chen, Z. and Xu, L, written recently in September 2012, delineates the supply of mobile voice communication services in the Chinese market of mobile voice communication. The main findings of the journal article implied that the supply of the mobile phone services was chiefly dependent on the demand prevailing in the market, the competitive selling price, the purchasing power of the potential customers and the intensity of competition. The market faces competition from landline communication market (Gao et al, ...