Multiple Choice
While the sales of the Apple iPhone have been great from the beginning,when Apple released its iPhone 3G cut the price of the iPhone for $399 to $199 sales exploded with 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:
Verified
Correct Answer:
Verified
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