(1)Suppose you lost your cell phone and need to get a new one as soon as possible. Would you consider only iPhone or other brands (for example, LG, Google, Samsung) as well?

(2)What is your income elasticity of demand for iPhone? In other words, is iPhone a necessary good or a luxury good to you?

(3)In your opinion, do you think the iPhone XS Max is worth $1,099? If yes, why? If not, why not and how much do you want to pay for it?

Link with graph, information, and data- https://money.cnn.com/2018/09/13/technology/apple-iphone-prices/index.html