LogFAQs > #913158409

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TopicTrump slapping a 10% tariff on all IPhones?!
Complete_Idi0t
11/27/18 10:14:22 PM
#46:


Paragon21XX posted...
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/


So why don't they charge that then? They must be a bunch of dummys
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