PriceQuantity Demanded$01,000$1400$2200$3100$425 Refer to the table, which shows the number of MP3 downloads demanded per month for the students at a certain university. Which of the following statements does NOT explain why the quantity demanded was not higher for a price of $0?

A. People would rather pay for the downloads.
B. MP3s take up space on a computer's hard drive.
C. There are only so many songs that people want to listen to.
D. Downloading an MP3 takes time.


Answer: A

Economics

You might also like to view...

"A demand curve is the same as a marginal cost curve." Is this statement correct or incorrect? Explain your answer

What will be an ideal response?

Economics

Refer to Figure 19-8. The equilibrium exchange rate is at A, $1.25/euro. Suppose the European Central Bank pegs its currency at $1.00/euro. Speculators expect that the value of the euro will rise and this shifts the demand curve for euro to D2

After the shift, A) there is a surplus of euros equal to 400 million. B) there is a surplus of euros equal to 500 million. C) there is a shortage of euros equal to 800 million. D) there is a shortage of euros equal to 1,000 million.

Economics

Refer to Figure 9-3. What is the area that represents revenue to foreign producers who are granted permission to sell in the U.S. market when there is a quota?

A) I + J + K+ L B) E + I + J + M C) I + J D) G + H + I + J

Economics

Slope will vary along a curve (as opposed to a straight line)

a. True b. False Indicate whether the statement is true or false

Economics