Answer the following questions correctly. QUESTION 4 If the price of smart phone

Question

Answer the following questions correctly.

QUESTION 4 If the price of smart phones increases which of the following will happen? A. The supply of smart phones will increase. B. The demand for smart phones will increase. C. The demand for smart phones will decrease. D. Both A and C E. None of the above QUESTION 5 Which of the following might have caused the price of DVD players to decrease? A. A new law making it harder to download movies. (assume movie downloads are a substitute for DVD's) B. The government placing a new tax on every DVD player sold. C. The government subsidizing DVD's (a complement to DVD players). D. A technological breakthrough that makes it easier to produce Blu Ray players (a substitute to DVD players). E. None of the above will decrease the price of DVD players.

Explanation / Answer

Answer:

1. Both A & C..because preice and supply have direct relation, and price and demand have indirect relation

2. The govt subsidising will leads to decreasi in price

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