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:

Verified
Correct Answer:
Verified
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