Question

In: Economics

An increase in the demand for online streaming music indicates that more is demanded because online...

An increase in the demand for online streaming music indicates that more is

demanded because online streaming music prices decreased.

purchased because sellers are putting online streaming music on sale.

purchased even if prices of online streaming music stayed the same.

demanded because sellers are selling more online streaming music.

Solutions

Expert Solution

There is a major difference between the demand and the quantity demanded. Quantity demanded is affected by the price level; at the same time, demand for any products is affected by the changing taste and preferences, future expectations, and so on.

Answer : purchased even if prices of online streaming music stayed the same

change in the demand for online streaming music will be the result of factors other than the price of the same commodity of such music in the market.

Rahul Sunny answered 2 years ago
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