Solved

If Apple Raises the Price for a Downloaded Song at the ITunes

Question 48

Multiple Choice

If Apple raises the price for a downloaded song at the iTunes store we will see a(n)


A) increase in demand for iPods.
B) decrease in consumers' incomes if downloaded songs are inferior goods.
C) decrease in quantity demanded of downloaded songs.
D) decrease in demand for substitutes for downloaded songs.
E) increase in consumers' incomes if downloaded songs are normal goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions