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Apple is considering a 10 percent price reduction on its iphones. If the demand for iphones in this price range is inelastic: A. revenues derived

Apple is considering a 10 percent price reduction on its iphones. If the demand for iphones in this price range is inelastic: A. revenues derived from iphones will increase. B. revenues derived from iphones will decrease. C. revenues from iphones will remain constant. D. the number of iphones sold will decrease

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