Indicate whether the following events would cause an "increase or a decrease in demand or an "increase or a decrease in the quantity demanded"
for cable-based Internet access service, which is a normal good.
a. Firms providing wireless (an alternative to cable) Internet access services reduce their prices. This will cause a(n)
A.
decrease in quantity demanded.
B.
increase in demand.
C.
decrease in demand.
This is the correct answer.
D.
increase in quantity demanded.
3 answers
C. decrease in demand.
rms providing cable-based Internet access services reduce their prices. This will cause a(n)
Part 5
A.
decrease in demand.
B.
decrease in quantity demanded.
C.
increase in quantity demanded.
D.
increase in demand.
Part 5
A.
decrease in demand.
B.
decrease in quantity demanded.
C.
increase in quantity demanded.
D.
increase in demand.
D. increase in demand.