LogFAQs > #913154773

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Topic	Trump slapping a 10% tariff on all IPhones?!
Paragon21XX 11/27/18 9:08:35 PM #31:	Tyranthraxus posted... Paragon21XX posted... Demand for Apple products is so inelastic that they could price their XS Max over $2000 and they'd still sell like hotcakes. No it wouldn't. Yes, it would. Studies already prove that iPhone sales are extremely inelastic meaning that large increases in price translates to small drops in sales. That's just Econ 101. http://thetechnalyzer.com/price-elasticity-of-the-iphone-demand/ --- Hmm... <cite>Paragon21XX posted [p:913154773] in Trump slap... [t:77245887]...</cite> <quote><cite>Tyranthraxus posted...</cite> <quote><cite>Paragon21XX posted...</cite> <quote>Demand for Apple products is so inelastic that they could price their XS Max over $2000 and they'd still sell like hotcakes.</quote> No it wouldn't.</quote> Yes, it would. Studies already prove that iPhone sales are extremely inelastic meaning that large increases in price translates to small drops in sales. That's just Econ 101. http://thetechnalyzer.com/price-elasticity-of-the-iphone-demand/ --- Hmm...</quote> ... Copied to Clipboard!
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