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.

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Definitions:

Team Leader

An individual assigned or emerging within a group who guides, directs, and influences the team towards accomplishing shared goals.

Disruptive Activities

Self-serving behaviours that interfere with team effectiveness.

Emotional Life

Refers to the way in which one experiences, expresses, and manages emotions, contributing to an individual's overall psychological well-being.

Leadership Activities

Leadership Activities involve tasks or initiatives undertaken by individuals in leadership positions to guide, motivate, and manage teams or organizations towards achieving goals.