Innovative Features of Apple's IPhone and IPad Operating Systems Have

question 67

Multiple Choice

Innovative features of Apple's iPhone and iPad operating systems have been adopted by competitors. This is an example of which kind of diffusion?

• A) stimulus
• B) expansion
• C) contagious
• D) relocation
• E) none of the answer choices are correct.

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Definitions:

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price, income levels, or other factors.

Perfectly Inelastic

A situation where demand or supply does not change in response to a change in price.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at different prices.

Price Elasticity

The measure of how much the quantity demanded or supplied of a good changes in response to a change in its price. It reflects the sensitivity of consumers or producers to price changes.