More iPhones are being sold today than one year ago, and the selling price of iPhones has increased. This could have been caused by a(n)
A)increase in demand.
B)decrease in supply.
C)decrease in demand.
D)increase in supply.
E)exception to the law of demand.

Question

Quizplus · Accepted Answer

An increase in iPhone sales and an increase in their selling price point towards an increase in demand for iPhones. When demand for a product increases, the price of the product usually increases as well.

More IPhones Are Being Sold Today Than One Year Ago