An engaging image showing a diverse selection of sales scenarios tied to the questions in the economics quiz. Depict market situations depicting a decrease in price leading to increased sales; influence of quality and supply on cost; various factors like comparable app prices, compatible phone prices impacting the price of a smartphone app. Avoid depiction of actual text from the quiz, maintain the educational theme. Show a male South Asian consumer contemplating on an item's price, and a female Caucasian comparing phone app prices in a digital marketplace. Include elements symbolizing 'time scarcity' and 'opportunity cost'.

1. What event would most likely cause an increase in sales

A. Decrease in price
B. Increase in supply
C. Decrease in product quality
D. Increase in quality product

Answer: A

2. What is stated by the law of supply

A. An increase in price will cause a reduced amount of sales
B. An increase in quality sold Will allow a decrease in price
C. An increase in quality product will decrees consumer demand
D. An increase in price will inspire and increase in units supplied

Answer: c

3. Which factors affect the price of a smart phone app select all that apply

A. Price of similar apps
B. Price of compatible phones
C. Price of offline activities
D. Time scarcity among customers
E. Opportunity cost of customers

Answer: a,b

Am I correct help!??

The answers are

A
D
A B

a

d
a and b

Anonymous is 100% correct!! 4/4!! THANK YOU SO MUCH

1.a

2.d
3.a and b

A

D
A &B

The answers are correct...Hmm...A Dab...interesting...

a

d
a b

A

D
A &B

1. A

2. D
3. A & B

a.

d
ab