If smartwatches are considered substitutes for smartphones, the decline in the price of smartphones would, all else equal,

A) decrease the demand for smartwatches.
B) increase the demand for smartwatches.
C) increase the quantity of smartwatches demanded.
D) decrease the quantity of smartwatches demanded.


A

Economics

You might also like to view...

Under the cartel, the price is Figure 42.2 

A. P1. B. P2. C. P3. D. 0.

Economics

The price of a good will tend to fall when

a. there is excess demand for the good. b. there is excess supply of the good. c. demand for the good increases. d. the supply of the good decreases.

Economics

Which of the following is an injection into the economy?

a) Investment b) Savings c) Taxation d) Import spending

Economics

The top executives who run a corporation

What will be an ideal response?

Economics