If the price of smartphones was to increase, then
A) the demand for smartphone apps would decrease.
B) the demand for smartphone apps would increase.
C) the quantity of smartphone apps demanded would increase.
D) the quantity of smartphone apps demanded would decrease.
Answer: A
You might also like to view...
Jenn is willing to pay $75 for a purse and the purse's price is $60. What is Jenn's consumer surplus on this purse?
What will be an ideal response?
If outcomes are ________, exactly one of the outcomes will occur and the probabilities add up to ________
A) probabilistic; between 0 and 1 B) exhaustive and mutually exclusive; 1 C) exhaustive; 1 D) mutually exclusive; between 0 and 1
When a competitive price-searcher market is in long-run equilibrium, the firms will
a. earn economic profit. b. operate at an output level that minimizes long-run average total cost. c. charge a price that is equal to average total cost. d. operate at an output level where price is equal to marginal cost.
A partnership in which all partners have joint authority to make decisions for the firm and joint liability for the firms financial obligations
What will be an ideal response?