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Which of the following can result in a decreases in the demand for iPods in the...

Which of the following can result in a decreases in the demand for iPods in the short-run? A. a decrease in the population B. a decrease in real household incomes C. a decrease in the price of mp3/mp4 players D. all of the above

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Answer #1

The demand for good is an inverse relationship between price and quantity. The graphical relationship between price and quantity demanded is depicted by the demand curve. Any point on the demand curve shows the quantity consumer demands for any particular price.

The demand for good depends on various factors such as; own price, price of related goods, income, test and preference of the consumer. Among these factors the change in the price of the good changes the quantity demanded and represents the good for movement along the demand curve. The changes in other factors change the demand for each price and represent the shift in demand curve.

Therefore, the correct answer is

D) All of the above

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