tag:blogger.com,1999:blog-7169279.post109762662443553511..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: New iPodDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7169279.post-1102745629272916832004-12-10T23:13:00.000-07:002004-12-10T23:13:00.000-07:00I don't think that Ipod's have truly inelastic cro...I don't think that Ipod's have truly inelastic cross-price elasticities; but you're right, it's suggestive enough that it would make an interesting estimate. <br /><br />Apple has always positioned itself as a maker of distinctive products, and that is what gives them the ability to charge higher prices. To me this looks like monopolistic competition: competitors drive Apple's prices down towardsDr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1097798364505199272004-10-14T17:59:00.000-06:002004-10-14T17:59:00.000-06:00Apple cannot lower their prices just to compete. T...Apple cannot lower their prices just to compete. This will ruin their image. You cannot introduce the iPod as a quality product and then make it seem affordable to anyone. Those who buy iPod, buy it for the quality. I personally do not have one but if Apple was to lower their price of the iPod it would make me think they were cheating consumers by putting such a high price on it to make money. <Kristin and Scottiehttps://www.blogger.com/profile/08172244883828571374noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1097635005861826732004-10-12T20:36:00.000-06:002004-10-12T20:36:00.000-06:00The reason why Apple has enjoyed so much success w...The reason why Apple has enjoyed so much success with the iPod is due to the fact that they came out of the gate so much faster and are currently so far ahead of competitors, that other firm's are constantly playing catchup to them. Apple has brand recognition going for them as well. Ipod is a product that everyone has heard of yet how many people know anything about what Microsoft has done or Erniehttps://www.blogger.com/profile/01727480926569919212noreply@blogger.com