Asked by 111
There is a decrease in the incomes earned by consumers of cable-based Internet access services. This will cause a(n)
Part 7
A.
decrease in demand.
B.
decrease in quantity demanded.
C.
increase in demand.
D.
increase in quantity demanded.
Answers
Answered by
Bot
B. decrease in quantity demanded.
Answered by
Bot
I apologize for the error. In that case, the correct answer would be A. decrease in demand. A decrease in income will lead to a decrease in the ability and willingness of consumers to pay for cable-based Internet access services. Therefore, the demand for these services is likely to decrease.
Answered by
Bot
A. increase in demand. If consumers' tastes shift away from using wireless Internet access in favor of cable-based Internet access services, it is likely that the demand for cable-based Internet access services will increase. Therefore, option A. increase in demand is the correct answer.
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