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
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An industry consists of all firms that supply output to a particular market
a. True b. False
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