If the Apple Watch and the Samsung Gear S2 are considered substitutes, then, other things equal, an increase in the price of the Apple Watch will
A) increase the quantity demanded for the Apple Watch.
B) increase the quantity demanded for the Gear S2.
C) increase the demand for the Gear S2.
D) decrease the demand for the Apple Watch.
C
You might also like to view...
An industry's long-run supply curve shows
A) the relationship in the long run between market price and quantity supplied. B) greater than normal profit. C) how average productivity is changing. D) how the government determines the price of the product.
What is securitization?
What will be an ideal response?
The assumption that labor markets clear makes it very easy for the classical model to explain recessions
a. True b. False
As of 2013, annual imports to the U.S. were approximately ____ and annual exports from the U.S. were approximately ____
a. $0.6 trillion; $1.5 trillion b. $2.2 trillion; $0.7 trillion c. $2.7 trillion; $2.3 trillion d. $1.5 trillion; $2.0 trillion e. $2.0 trillion; $2.0 trillion