Why did Apple set the initial price of the iPhone 6 below equilibrium (see the News Wire

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Why did Apple set the initial price of the iPhone 6 below equilibrium (see the News Wire "Market Shortage.")? Should Apple have immediately raised the price?

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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Question Posted: Aug 30, 2017 11:48 PM

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Why did Apple set the initial price of the iPhone 6 below equilibrium (see the News Wire

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Apple might have been setting the price of their iPhone 5 based on a longterm pricing strategy ra...View the full answer

Essentials of Economics

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