Multiple Choice
Jennifer learns that the price of purchasing songs from iTunes will be going up 10 percent next week.She usually downloads three songs per week.What will happen to Jennifer's demand for songs this week?
A) It will NOT change because only quantity demanded changes when price changes.
B) It will decrease because the price will be higher next week.
C) It will increase because the price will be higher next week.
D) It will NOT change because only demand changes when the price increases.
Correct Answer:
Verified
Correct Answer:
Verified
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