An increase in the price of music streaming services will result in
A)a smaller quantity of music streaming services supplied.
B)a larger quantity of music streaming services supplied.
C)a decrease in the demand for music streaming services.
D)an increase in the supply of music streaming services.

Question

Quizplus · Accepted Answer

An increase in price typically leads to a larger quantity supplied, as suppliers are willing to offer more at higher prices.

An Increase in the Price of Music Streaming Services Will