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

November 2, 2020

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

Multiple Choice

A. demanded because sellers are selling more online streaming music.

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

C. demanded because online streaming music prices decreased.

D. purchased because sellers are putting online streaming music on sale.

Answer

C. demanded because online streaming music prices decreased.

This is simply on the fact that an decrease in price of a commodity would attract more sale and cause an increase in demand

Explanation

As noted by the role of demand and supply, when price increases, quantity demanded would reduce and when the price decreases, then the quantity demanded would increase which is the case with the online streaming indicating that more people would be willing to buy the commodity, if the price was lowered and this is why there was a noted increase in demand of the commodity because demand curve is downward sloping

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