The market for tablet computers has become very competitive.The increase in competition in this market is an example of how the market responds to
A) decreases in the price of desktop computers (a substitute for the product).
B) increases in income.
C) changes in population.
D) changes in consumer tastes.

Question

Quizplus · Accepted Answer

The increase in competition in the tablet computer industry is a response to changes in consumer tastes. As more consumers have shifted towards using portable devices for tasks that were once relegated to desktop computers, companies have responded by developing and marketing tablet computers. This has led to a highly competitive market as companies vying to capture a larger share of the market.

The Market for Tablet Computers Has Become Very Competitive