Question: Consider the iPhone. List three ways Apple could make the demand for the iPhone more inelastic (fully explain) (3 points). Generally speaking, does Apple want

Consider the iPhone. List three ways Apple could make the demand for the iPhone more inelastic (fully explain) (3 points). Generally speaking, does Apple want to make demand for its phones more elastic or inelastic and why? (2 points). If the iPhone currently has an elasticity of demand of -1.5, what would be a more inelastic coefficient than -1.5? (5 points). (10 points total).

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