The increase in demand for iPad tablet computers can be explained by
A)an increase in the technology used to produce iPads, making the supply of iPads increase.
B)an increase in the price of laptop computers, making their MU/P decrease.
C)the enhanced versatility and storage capacity of iPads, making their MU/P increase.
D)an increase in the income of buyers, making the demand for iPads increase.

Question

Quizplus · Accepted Answer

The enhanced versatility and storage capacity of iPads increases their marginal utility per price (MU/P), making them more attractive to consumers and thus increasing demand.

The Increase in Demand for IPad Tablet Computers Can Be