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A decrease in demand for mobile, other things remaining constant will 1 point Increase the number of mobile bought Decrease the price but increase the number of mobile bought Increase the price of mobile Decrease the price and decrease in number of mobile bought?
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A decrease in demand for mobile, other things remaining constant will ...
Effect of Decrease in Demand for Mobile on Price and Quantity
Introduction:
When the demand for a product decreases, it affects the market equilibrium of the product. In this case, we will analyze the effect of a decrease in demand for mobile phones on the price and quantity of mobile phones bought.
Effect on Price:
When the demand for mobile phones decreases, the suppliers of mobile phones will have excess supply of mobile phones. To get rid of the excess supply, they will start reducing the price of mobile phones. Therefore, a decrease in demand for mobile phones will lead to a decrease in the price of mobile phones.
Effect on Quantity:
The decrease in the price of mobile phones will lead to an increase in the quantity of mobile phones bought by the consumers. The reduction in price will stimulate the demand for mobile phones, and consumers will buy more mobile phones than before.
Conclusion:
In summary, a decrease in demand for mobile phones will lead to a decrease in the price of mobile phones and an increase in the quantity of mobile phones bought by the consumers.
Introduction:
When the demand for a product decreases, it affects the market equilibrium of the product. In this case, we will analyze the effect of a decrease in demand for mobile phones on the price and quantity of mobile phones bought.
Effect on Price:
When the demand for mobile phones decreases, the suppliers of mobile phones will have excess supply of mobile phones. To get rid of the excess supply, they will start reducing the price of mobile phones. Therefore, a decrease in demand for mobile phones will lead to a decrease in the price of mobile phones.
Effect on Quantity:
The decrease in the price of mobile phones will lead to an increase in the quantity of mobile phones bought by the consumers. The reduction in price will stimulate the demand for mobile phones, and consumers will buy more mobile phones than before.
Conclusion:
In summary, a decrease in demand for mobile phones will lead to a decrease in the price of mobile phones and an increase in the quantity of mobile phones bought by the consumers.
Community Answer
A decrease in demand for mobile, other things remaining constant will ...
Decrease the price and decrease the number of mobile bought
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A decrease in demand for mobile, other things remaining constant will 1 point Increase the number of mobile bought Decrease the price but increase the number of mobile bought Increase the price of mobile Decrease the price and decrease in number of mobile bought?
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A decrease in demand for mobile, other things remaining constant will 1 point Increase the number of mobile bought Decrease the price but increase the number of mobile bought Increase the price of mobile Decrease the price and decrease in number of mobile bought? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A decrease in demand for mobile, other things remaining constant will 1 point Increase the number of mobile bought Decrease the price but increase the number of mobile bought Increase the price of mobile Decrease the price and decrease in number of mobile bought? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A decrease in demand for mobile, other things remaining constant will 1 point Increase the number of mobile bought Decrease the price but increase the number of mobile bought Increase the price of mobile Decrease the price and decrease in number of mobile bought?.
A decrease in demand for mobile, other things remaining constant will 1 point Increase the number of mobile bought Decrease the price but increase the number of mobile bought Increase the price of mobile Decrease the price and decrease in number of mobile bought? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A decrease in demand for mobile, other things remaining constant will 1 point Increase the number of mobile bought Decrease the price but increase the number of mobile bought Increase the price of mobile Decrease the price and decrease in number of mobile bought? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A decrease in demand for mobile, other things remaining constant will 1 point Increase the number of mobile bought Decrease the price but increase the number of mobile bought Increase the price of mobile Decrease the price and decrease in number of mobile bought?.
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