There is a decrease in the incomes earned by consumers of cable-based Internet access services. This will cause a(n)
Part 7
A.
decrease in demand.
B.
decrease in quantity demanded.
C.
increase in demand.
D.
increase in quantity demanded.
B. decrease in quantity demanded.
that isn't the right answer.
I apologize for the error. In that case, the correct answer would be A. decrease in demand. A decrease in income will lead to a decrease in the ability and willingness of consumers to pay for cable-based Internet access services. Therefore, the demand for these services is likely to decrease.
d. Consumers' tastes shift away from using wireless Internet access in favor of cable-based Internet access services.
A.
increase in demand.
B.
increase in quantity demanded.
C.
decrease in demand.
D.
decrease in quantity demanded.
A. increase in demand. If consumers' tastes shift away from using wireless Internet access in favor of cable-based Internet access services, it is likely that the demand for cable-based Internet access services will increase. Therefore, option A. increase in demand is the correct answer.
The correct answer is B. decrease in quantity demanded.
When there is a decrease in the incomes earned by consumers, they will have less disposable income to spend on goods and services, including cable-based Internet access services. As a result, they are likely to reduce their demand for these services, leading to a decrease in the quantity demanded.
To determine the effect of a decrease in incomes on the demand for cable-based Internet access services, we need to consider the relationship between income and demand.
When incomes decrease, consumers generally have less money available to spend on goods and services. This can impact their ability to afford and prioritize certain expenses, including cable-based Internet access services.
In this scenario, a decrease in incomes implies that consumers have less purchasing power, which is likely to result in a decrease in their demand for cable-based Internet access services.
Therefore, the correct answer is A. decrease in demand.