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!??

38 answers Show only top 10 answers

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

Thank you Anonymous! He is correct 100% still in 2020

1. A
2. D
3. A, B

nobody dabs anymore and it is

A
D
AB
I GOT A 100% ON THIS GOOD LUCK!

AnonYmous is right

he is still correct in 2021!

thx guys 3/3 100%

AdaB

THE ANSWER IS

A.
D.
A, B.

Trust me 3/3

a dab on all those haters(lol)

wow that's hard!

even though the dab is dead, its still the correct answers in 2021.

Thanks my guy

ANONAMOMGUS IS STILL RIGHT! just got 4/4

No comment from me this time! Anonymous is correct.

A

D
A,B

still right 2023
Jin's gonna die :(

say my name on discord to see a surprise

“Anonymous” is 100% correct as of 2021, I swear it.

THANK YOU ANOMINUS AND EVERYONE

Anonymous is correct! 2021 approved!

ANONYMOUS IS CORRECT OMG YOU ARE THE BEST YUHHH

Of course it is he posted it in 2021!

thx

A

D
A,B

afif shut up

Dewey Dude, grammar

anonymous is correct tho

I just did it and i miss one the last question and the correct answer for the last question is A and B

yea thanks anonymous

1. I agree.

2. I disagree. (Does the law of supply and demand have to do with quantity? or quality?)

3. I agree with you about A, but I don't know about the others. You probably need to go back into your text to find out.