Apple sold more than 7 million iPads within months of launching the product. Prices for this product ranged from $499 to more than $800. Despite the high price, Apple had difficulty keeping up with the demand. With reference to the basic consumption process, the benefits of the product outweighed its .

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.