Identify which of the following would generate an increase in the market demand for tablet devices, which are a normal good.

a. A decrease in the incomes of consumers of tablet devices

b. An increase in the price of ultrathin computers, which are substitutes

c. An increase in the price of online apps, which are complements

d. An increase in the number of consumers in the market for tablet devices

Question

Lillie Huynh

Business

20 December, 09:26

Identify which of the following would generate an increase in the market demand for tablet devices, which are a normal good.

a. A decrease in the incomes of consumers of tablet devices

b. An increase in the price of ultrathin computers, which are substitutes

c. An increase in the price of online apps, which are complements

d. An increase in the number of consumers in the market for tablet devices

+3

Answers (1)

Know the Answer?

Maxwell Harrison · Answer 1

The correct answer is letter "D": An increase in the number of consumers in the market for tablet devices.

Explanation:

Several factors can make the quantity demanded of a product increase. Mainly, when the price of that good or service decreases the quantity demanded increases (demand theory). However, there are some other factors such as the increase of the same product consumers in the market, who will directly ask for the good or service.