In the market for wireless earbuds (a normal good), indicate whether the following events would cause an "increase or a decre

Question

3 years ago

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In the market for wireless earbuds (a normal good), indicate whether the following events would cause an "increase or a decre

ase in demand" or an "increase or a decrease in the quantity demanded." a. There is an increase in the price of carry cases for wireless earbuds. A. increase in demand. B. decrease in demand. C. increase in quantity demanded. D. decrease in quantity demanded.

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1 answer:

forsale [732] · Answer 1 · 2022-04-01T21:18:56+03:00

Answer:

The correct option is;

D. Decrease in the quantity demanded

b.)

Explanation:

a. There is an increase in the price of carry on cases for wireless earbuds;

Where the increase in the price of carry on cases for wireless earbuds results in an increase in price, there will be a decrease in the quantity demanded

A decrease in the quantity demanded is when there is negative movement along the demand curve due to an increase in price only and the quantity demanded also increases when there is a decrease in price. Which shows that the item is still in demand and the demand can be controlled by the pricing.

In the market for wireless earbuds​ (a normal​ good), indicate whether the following events would cause an​ "increase or a decre

In the market for wireless earbuds (a normal good), indicate whether the following events would cause an "increase or a decre