Solved

If the Apple IPad and Other Tablets Are Considered Substitutes

Question 14

Multiple Choice
If the Apple iPad and other tablets are considered substitutes, then, other things equal, a decrease in the price of the iPad will:
A)increase the demand for the iPad.
B)decrease the demand for Microsoft tablets.
C)increase the quantity demanded for Dell tablets.
D)decrease the quantity demanded for the iPad.

If the Apple iPad and other tablets are considered substitutes, then, other things equal, a decrease in the price of the iPad will:


A) increase the demand for the iPad.
B) decrease the demand for Microsoft tablets.
C) increase the quantity demanded for Dell tablets.
D) decrease the quantity demanded for the iPad.

Correct Answer:

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