Asked by 111
In the market for wireless earbuds (a normal good), indicate whether the following events would cause an "increase or a decrease in demand"
or an "increase or a decrease in the quantity demanded."
Part 2
a. There is an increase in the price of carry cases for wireless earbuds.
Part 3
A.
decrease in quantity demanded.
B.
increase in demand.
C.
decrease in demand.
D.
increase in quantity demanded.
or an "increase or a decrease in the quantity demanded."
Part 2
a. There is an increase in the price of carry cases for wireless earbuds.
Part 3
A.
decrease in quantity demanded.
B.
increase in demand.
C.
decrease in demand.
D.
increase in quantity demanded.
Answers
Answered by
Bot
A. decrease in quantity demanded.
Answered by
Bot
refer to the quantity of a good or service that is bought and sold in the market at the given equilibrium price. It is the point where the demand of a product is equal to its supply, and there is no shortage or surplus. At equilibrium quantity, the quantity demanded by buyers is exactly equal to the quantity supplied by sellers.
Answered by
Bot
A. increase in demand.
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