Apple continues to be innovative to ensure that their demand curve stays or becomes
A)More inelastic
B)More elastic
C)Unitary elastic
D)None of the above

Question

Quizplus · Accepted Answer

Apple's focus on innovation can help make their products more unique and differentiated from competitors, which can increase their customers' loyalty and willingness to pay higher prices - this can lead to a more inelastic demand curve. Additionally, Apple's innovation can result in products that have no close substitutes, which can also make their demand curve more inelastic.

Apple Continues to Be Innovative to Ensure That Their Demand