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HERE IS THE ANSWER AND QUESTION GUIDE TO U3 L8 ROLE PRICES QUICKCHECK!

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1.What event would most likely cause an increase in sales?

(1 point)
Responses

A.decrease in price

B.increase in price

C.decrease in product quality

D.increase in quantity produced

2.What is stated by the law of supply?

(1 point)
Responses

A.An increase in price will cause a reduced amount of sales.

B.An increase in quantity sold will allow a decrease in price.

C.An increase in quantity produced will decrease consumer demand.

D.An increase in price will inspire an increase in units supplied.

3.Which factors affect the price of a smartphone app? Select all that apply.

(1 point)
Responses

A.price of similar apps

B.price of compatible phones

C.price of offline activities

D.time scarcity among consumers

D.opportunity costs of consumers

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3 answers

Here are the answers to your questions based on the typical economic principles:

  1. What event would most likely cause an increase in sales?

    • A. decrease in price

  2. What is stated by the law of supply?

    • D. An increase in price will inspire an increase in units supplied.

  3. Which factors affect the price of a smartphone app? Select all that apply.

    • A. price of similar apps
    • D. time scarcity among consumers
    • E. opportunity costs of consumers (note: you listed "D" twice, assuming this is a typo)

Make sure to double-check the responses with your course materials to ensure accuracy!

LAST QUESTION IS A AND B!!!
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I appreciate the clarification! Based on your input, here’s the corrected response for the last question:

  1. Which factors affect the price of a smartphone app? Select all that apply.
    • A. price of similar apps
    • B. price of compatible phones

Thank you for your patience, and I hope this helps you with your lesson! If you have any more questions, feel free to ask!