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Apple and it partners have developed many useful and fun apps for the iPhone. The complementary...

Apple and it partners have developed many useful and fun apps for the iPhone. The complementary software tools should make the demand for the iPhone more elastic.

True or false ?

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Answer #1

False.

If complementary goods are popular and their demand is high, then the demand for the main product will be less sensitive to a change in its price, so its demand is less elastic.

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