Question

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

Answer

This answer is hidden. It contains 88 characters.