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At the Peak of Its Success in the Mid -1980s

Question 10

Multiple Choice

At the peak of its success in the mid -1980s to the early 1990s, Apple Computer commanded a 15 percent share of the personal computers market. During this period what happened to Apple's demand curve?


A) The demanded curve shifted to the left and became more elastic throughout the relevant range of prices.
B) The demanded curve shifted to the left and became less elastic throughout the relevant range of prices.
C) The demanded curve shifted to the right and became less elastic throughout the relevant range of prices.
D) The demanded curve stagnated which is why Apple lost market share.

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