ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the demand for Internet services increases
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the demand for Internet services decreases
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The demand for Internet services remains unchanged
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The demand for Internet services could increase, decrease, or stay the same depending on other factors
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Detailed explanation-1: -If computer prices fall, what is the effect on the demand for Internet services? The demand for Internet services increases.
Detailed explanation-2: -An increase in the price of computers will make the purchase of computers less attractive to consumers. This is because an increase in the price of computers will shrink the purchasing power of the consumer. This will allow them to decrease the quantity demanded.
Detailed explanation-3: -A change in quantity demanded is represented as a movement along a demand curve. The proportion that quantity demanded changes relative to a change in price is known as the elasticity of demand and is related to the slope of the demand curve.
Detailed explanation-4: -True or False: A “change in quantity demanded” is a shift of the entire demand curve to the right or to the left. The statement “change in quantity demanded is a shift of the entire demand curve to the right or the left” is false.
Detailed explanation-5: -Factors that can shift the demand curve for goods and services, causing a different quantity to be demanded at any given price, include changes in tastes, population, income, prices of substitute or complement goods, and expectations about future conditions and prices.