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Which of the following would cause an increase in the demand for iPods?

Which of the following would cause an increase in the demand for iPods?

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Answer #1

The demand for i- pods will increase if -:

  • There is increase in income.
  • Decrease in price of i-pods
  • iNCREASE in price of substitutes.
  • advances in production technology as it would make the product available at cheap prices . This would first increase the supply due to cheap production technology and then the demand will increase due to fall in price.
  • decrease in the price of complimentary goods / things say a decrease in price of music downloads.

note : these are some factors that can cause increase in demand for ipods. There were no options provided so i mentioned these factors.

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