A company introduces a printer that does not require ink cartridges. As a result, the price of printers that use ink drops. What is another likely outcome? (1 point) Responses The price of ink cartridges goes up. The price of ink cartridges goes up. The price of ink cartridges drops. The price of ink cartridges drops. The demand for ink cartridges goes up. The demand for ink cartridges goes up. The supply of ink cartridges drops.

Answer 1

The most likely outcome is that the price of ink cartridges drops.

Since the new printer does not require ink cartridges, the demand for traditional ink cartridges would decrease, leading to a surplus in the market. This surplus typically results in a reduction in price for the cartridges.