Question

Indicate whether the following events would cause an​ "increase or a decrease in demandLOADING...​" 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. increase in demand. B. increase in quantity demanded. C. decrease in demand.

Answer 1

Answer:

A. increase in demand.

Explanation:

In this specific scenario, a reduction in the prices of these services would cause an increase in demand. This is because the prices will become very competitive to those already in the market, which will ultimately entice customers to want the service as they will be saving a large percentage of money and still acquire the internet services that they require.