queenlily80
contestada

If the equilibrium quantity demanded for a new sports watch is 900 truckloads of watches, and the equilibrium price is $70 per watch, then a drop in the price of watches to $40 _____.

A. would lower the quantity demanded of these sports watches

B. would lower the demand for all sports watches

C. would raise the demand for all sports watches

D. would raise the quantity demanded of these sports watches

Respuesta :

Answer:

The answer is D

Explanation:

More people would want it if it is cheaper

vijayhalder031

The correct answer is option D would raise the quantity demanded of these sports watches

Why would raise the quantity demanded of these sports watches?

  • It would raise the quantity demanded of these sport watches because the price got more less
  • Here if sports watch price is dropped to $40 then definitely there will be more buyers for this products and hence the market would raise the quantity demanded of these sports watch.

Hence Option D is correct

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