If Apple's iTunes Music Store increases its "fee" for its music downloads, the law of demand predicts that
A) the number of iTunes music downloads would increase.
B) there would be no change in the demand for iTunes music downloads.
C) the number of iTunes music downloads would decrease.
D) iTunes music supply would change but demand would not.

Question

Quizplus · Accepted Answer

According to the law of demand, as the price of a good or service increases, the quantity demanded of that good or service decreases. Therefore, if iTunes Music Store increases its "fee" for its music downloads, it is expected that the number of iTunes music downloads would decrease as consumers would be less willing to pay the higher price.

If Apple's ITunes Music Store Increases Its "Fee" for Its