In the market for web design services,if businesses expect consumers to make more on-line purchases,then the equilibrium:

Question

Quizplus · Accepted Answer

The increasing demand for web design services due to the expectation of more online purchases by consumers will lead to an increase in the equilibrium price of web design services. As businesses seek to improve their online presence, they will be willing to pay more for high-quality web design services, leading to an upward shift in the demand curve. This will increase the equilibrium price and quantity of web design services that are demanded and supplied in the market.

In the Market for Web Design Services,if Businesses Expect Consumers