Empirical evidence suggests that more digital cameras are being sold today than one year ago, and the selling price has decreased. The probable reason for this could have been an increase in supply.

Question

Quizplus · Accepted Answer

The increase in supply would lead to a decrease in prices due to competition, which could explain the decrease in selling price. Meanwhile, the increase in sales indicates a higher demand for digital cameras.

Empirical Evidence Suggests That More Digital Cameras Are Being Sold