How Apple's Pricey New iPhone X Tests Economic Theory

World News: . []

Expensive new phones from Apple and Samsung are testing a cranky economist’s theory that certain products could defy the economic laws of gravity by stoking more demand with super-high prices.

Read More: https://www.wsj.com/articles/how-apples-pricey-new-iphone-x-tests-economic-theory-1505660400?mod=pls_whats_news_us_business_f

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