Ask Question
21 November, 23:02

If tablet computers are considered substitutes for e-readers, the decline in the price of tablet computers would, all else equal A. increase the demand for e-readers. B. decrease the demand for e-readers. C. increase the quantity demanded for e-readers. D. decrease the quantity demanded for e-readers.

+1
Answers (1)
  1. 21 November, 23:25
    0
    B. decrease the demand for e-readers.

    Explanation:

    Substitute Good is a factor effecting demand of a good. A good's demand and it's substitute good's price are directly related.

    Price rise of a good's substitute makes the good relatively cheaper & increases that good's demand. Price fall of a good's substitute makes the good relatively expensive & decreases that good's demand

    So, If tablet computers & e - readers are substitutes : Decline in price of tablet will make e - readers relatively expensive & decrease the demand for e - readers.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If tablet computers are considered substitutes for e-readers, the decline in the price of tablet computers would, all else equal A. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers