Solved

While the Sales of the Apple IPhone Have Been Great

Question 79

Multiple Choice

While the sales of the Apple iPhone have been great from the beginning,when Apple released its iPhone 4S and cut the price of the iPhone 4 from $399 to $199,sales exploded with one million iPhone 4s 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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