ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following scenarios would NOT result in a demand change for compact discs?
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Famous music artists put together a save-the-children CD, with proceeds going towards education
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CDs go on sale in an end-of-summer blowout sale.
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Auto manufacturers no longer put CD players into cars as a standard feature.
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U.S. Government taxes rise for the fourth straight year.
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Explanation:
Detailed explanation-1: -Q. Which one of the following scenarios would NOT result in a demand change for compact discs? CDs go on sale in an end-of-summer blowout sale.
Detailed explanation-2: -Question: Which of the following changes would most likely increase the price of music CDs? Answer: Online music services are substitutes for music CDs. If their popularity decreases, the demand for music CDs will increase, resulting in an increase in the price of the CDs.
There is 1 question to complete.