Question

Identify which of the following would generate an increase in the market demand for tablet devices, which are a normal good.

Answer 1

Answer:

The correct answer is letter "D": An increase in the number of consumers in the market for tablet devices.

Explanation:

Several factors can make the quantity demanded of a product increase. Mainly, when the price of that good or service decreases the quantity demanded increases (demand theory). However, there are some other factors such as the increase of the same product consumers in the market, who will directly ask for the good or service.