A company introduces a printer that does not require ink cartridges. As a result, the price of printers that use ink drops. What is another likely outcome?
a. The price of ink cartridges goes up.
b. The price of ink cartridges drops.
c. The demand for ink cartridges goes up.
d. The supply of ink cartridges drops.
a. The price of ink cartridges goes up.
With the introduction of a printer that does not require ink cartridges, the demand for traditional ink cartridges is likely to decrease. This decrease in demand may result in manufacturers increasing the price of ink cartridges in order to maintain their profitability.