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In the Article "After IPhone Price Cut,Sales Are Up by 200

Question 52

Multiple Choice

In the article "After iPhone Price Cut,Sales Are Up by 200 Percent,"


A) The demand for iPhones is inelastic.
B) The survey of quantity demanded after a price change for the iPhones showed that iPhones are an inferior good.
C) The demand for iPhones is highly elastic.

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