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 smartphone app?
Select all that apply.
(you can choose 2 answers for this question.)
A. Price of similar apps. and D. Time scarcity costs of consumers.
Consumers seek <u>convenience products</u> because they can be easily, quickly, and frequently purchased.
<h3><u>What are convenience products?</u></h3>
Convenience goods are regularly and hastily purchased by consumers without much thought or emotion. Gas, candy, magazines, newspapers, and magazines are among the most often used types of convenience goods.
These items typically have a base price that doesn't differ significantly from store to store. In other words, unless the price is far more than expected, the consumer won't give it any thought.
<u>For instance, </u>someone would not be alarmed if they went to buy a gallon of milk and the price was $3. However, someone would be surprised if they went to buy a gallon of milk and were charged $10–$15 for it.
Learn more about convenience products with the help of the given link:
brainly.com/question/7184191
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D, I'm pretty sure it's D