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...
An optimal corrective tax levied on polluters will:
A. not generate enough revenue to pay for the cost of the damage resulting from pollution that occurs at the efficient output of the good. B. decrease pollution to zero. C. be equal to the marginal cost of their actions imposed on third parties. D. increase the supply of polluting goods.
Economics
Which of the following statements about a price system is TRUE?I.Prices ration goods and services.II.Prices indicate relative scarcity.
A. I only B. II only C. Both I and II D. Neither I nor II
Economics