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.
5 answers
A. decrease in quantity demanded.
Equilibrium quantity would
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.
There is an increase in the number of consumers of wireless earbuds.
Part 9
A.
increase in demand.
B.
increase in quantity demanded.
C.
decrease in demand.
D.
decrease in quantity demanded.
Part 9
A.
increase in demand.
B.
increase in quantity demanded.
C.
decrease in demand.
D.
decrease in quantity demanded.
A. increase in demand.