Solved

While the Sales of the Apple IPhone Have Been Great

Question 57

Multiple Choice

While the sales of the Apple iPhone have been great from the beginning,when Apple released its iPhone 3G and cut the price of the iPhone for $399 to $199,sales exploded.One million iPhones sold the first weekend.Demand for the iPhone appears to be:


A) unitary
B) predictable
C) synergistic
D) inelastic
E) elastic

Correct Answer:

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