WebLUXURIES- necessities are _____(ex/water) and luxuries are _____(ex bc u do not need a yacht) 3 of the market- -defined market: has a LOT of substitutes demand is ELASTIC(ex for romaine lettuce, bc u can buy a differ type of lettuce) - defined market- has LESSER substitutes demand is INELASTIC(ex for food/gasoline bc there are few substitutes) 4 … WebAre most Apple products elastic or inelastic? Why? 2. What effect does this have on Apple revenue? 3. What is Apple's primary goal? Itemize your responses This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer Show transcribed image text Expert Answer 100% (1 rating)
Apple iPhone Price Elasticity of Demandd - UKEssays.com
WebThe underlying reason for this pattern is that supply and demand are often inelastic in the short run, so that shifts in either demand or supply can cause a relatively greater change in prices. But—since supply and demand are more elastic in the long run—the long-run … WebThis means that the demand for apples is: a) perfectly inelastic. b) perfectly elastic. c) elastic. d) inelastic. e) unitary elastic. The demand for apple is Q=1000-30P, apple is... hawthorne ny tool rental
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Web30 jan. 2024 · From past publications, we could learn that Apple had some issues with facing demand, and that it couldn't meet demand. From my perspective Apple incorrectly … Web26 feb. 2024 · Is apple juice elastic or inelastic? Products that are a necessity like insulin, gasoline, water, and electricity tend to be inelastic as there aren’t similar substitutes to … Web4 mrt. 2024 · The bottom line is, you should aim to build inelastic products, or rather your apps should have inelastic aspects. But that does not mean that you can’t make amazing elastic products. As mentioned above, if your application is elastic, you have to focus more on the scale, innovation, and user experience. hawthorne ny to danbury ct