Two Months After Apple Introduced the IPhone in 2007, the Company

question 53

Multiple Choice

Two months after Apple introduced the iPhone in 2007, the company reduced the price from $600 to $400. How is this drop of price an example of price discrimination?

• A) Early adopters are less sensitive to price than late adopters.
• B) Early adopters have a higher demand than late adopters.
• C) Early adopters have a more elastic demand curve than late adopters.
• D) It's not an example of price discrimination.

---

Definitions:

Shopping Center

A complex or area that hosts multiple retail stores and commercial establishments where people can shop for various goods and services.

Safety Bars

Devices installed in bathrooms, hallways, or other areas to provide support and prevent falls.

Caregiver Role Strain

Emotional and physical stress experienced by caregivers due to the demands of caring for someone.

Symptoms of Depression

Indicators that may include persistent sadness, loss of interest in activities, changes in appetite or weight, sleep disturbances, and feelings of worthlessness.