taking a smartphone to the gym when you work out becomes more popular. does this event change the demand for…
taking a smartphone to the gym when you work out becomes more popular. does this event change the demand for smartphones or the quantity of smartphones demanded? when this event occurs, _______. a. the demand for smartphones increases b. the demand for smartphones decreases c. the quantity of smartphones demanded decreases d. the quantity of smartphones demanded increases
Answer
Brief Explanations:
The change in popularity of taking smartphones to the gym is a non - price factor that affects consumers' willingness to buy smartphones at each price level. An increase in popularity means more consumers want to buy smartphones at every price, which shifts the demand curve to the right. Quantity demanded changes only due to a change in the price of the good itself. Here, it's a change in a non - price determinant (preference for using smartphones at the gym), so it affects demand.
Answer:
A. the demand for smartphones increases