What event would most likely cause an increase in sales?
(1 point)
Responses
decrease in price
decrease in price
increase in supply
increase in supply
decrease in product quality
decrease in product quality
increase in quantity produced
A decrease in price would most likely cause an increase in sales.
What is stated by the law of supply?
(1 point)
Responses
An increase in price will cause a reduced amount of sales.
An increase in price will cause a reduced amount of sales.
An increase in quantity sold will allow a decrease in price.
An increase in quantity sold will allow a decrease in price.
An increase in quantity produced will decrease consumer demand.
An increase in quantity produced will decrease consumer demand.
An increase in price will inspire an increase in units supplied.
An increase in price will inspire an increase in units supplied.
Which factors affect the price of a smartphone app? Select all that apply.
(1 point)
Responses
price of similar apps
price of similar apps
price of compatible phones
price of compatible phones
price of offline activities
price of offline activities
time scarcity among consumers
time scarcity among consumers
opportunity costs of consumers
The factors that affect the price of a smartphone app include:
- Price of similar apps
- Price of compatible phones
- Time scarcity among consumers
- Opportunity costs of consumers
there is only 2 answers
My apologies for the confusion. The correct answers are:
- Price of similar apps
- Price of compatible phones