Asked by Jade
3. The price elasticity of demand for Apple iPhone smart-phones is likely to increase when:
a. the government grants all workers a generous income tax cut
b. production is shifted to a country where average wages are lower
c. a new competitor enters the mobile phone market
d. more applications are made available to consumers of mobile phone technology
a. the government grants all workers a generous income tax cut
b. production is shifted to a country where average wages are lower
c. a new competitor enters the mobile phone market
d. more applications are made available to consumers of mobile phone technology