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

Question

Quizplus · Accepted Answer

When the price of e-readers declines, consumers would prefer to purchase e-readers instead of tablet computers, as they serve the same purpose. Therefore, there would be a decrease in the demand for tablet computers as consumers would switch from buying tablets to e-readers.

If Tablet Computers Are Considered Substitutes for E-Readers,the Decline in the Price