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An increase in the demand for cameras and an increase in the number of sellers of cameras will
  • a)
    increase the number of cameras bought
  • b)
    decrease the price but increase the number of cameras bought
  • c)
    increase the price of cameras
  • d)
    increase the price and the number of cameras bought
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
An increase in the demand for cameras and an increase in the number of...
Impact of Increase in Demand for Cameras and Increase in Number of Sellers

Increase in Demand for Cameras:
When there is an increase in demand for cameras, it means that more people are interested in buying cameras. This can happen due to various reasons such as an increase in the popularity of photography, an increase in the number of people who want to capture memories, etc. The impact of an increase in demand for cameras is as follows:

- Increase in the price of cameras: When there is an increase in demand for cameras, the sellers can increase the price of cameras as they know that people are willing to buy them at a higher price.
- Increase in the number of cameras bought: An increase in demand for cameras will lead to an increase in the number of cameras bought as people are willing to pay a higher price for them.

Increase in the Number of Sellers of Cameras:
When there is an increase in the number of sellers of cameras, it means that there are more options available for people to buy cameras. This can happen due to various reasons such as an increase in the number of camera manufacturers, an increase in the number of retailers selling cameras, etc. The impact of an increase in the number of sellers of cameras is as follows:

- Decrease in the price of cameras: When there is an increase in the number of sellers of cameras, the competition among sellers increases, which leads to a decrease in the price of cameras as sellers try to attract buyers by offering lower prices.
- Increase in the number of cameras bought: An increase in the number of sellers of cameras will lead to an increase in the number of cameras bought as people have more options available to them at lower prices.

Overall Impact:
When there is an increase in the demand for cameras and an increase in the number of sellers of cameras, the impact can be summarized as follows:

- Decrease in the price of cameras: The increase in the number of sellers of cameras will lead to a decrease in the price of cameras, which will offset the increase in price due to the increase in demand for cameras.
- Increase in the number of cameras bought: The increase in demand for cameras and the increase in the number of sellers of cameras will lead to an increase in the number of cameras bought as people have more options available to them at lower prices.

Therefore, the correct answer is option B - decrease the price but increase the number of cameras bought.
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An increase in the demand for cameras and an increase in the number of...
Yes ...because it is having direct relation
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An increase in the demand for cameras and an increase in the number of sellers of cameras willa)increase the number of cameras boughtb)decrease the price but increase the number of cameras boughtc)increase the price of camerasd)increase the price and the number of cameras boughtCorrect answer is option 'D'. Can you explain this answer?
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An increase in the demand for cameras and an increase in the number of sellers of cameras willa)increase the number of cameras boughtb)decrease the price but increase the number of cameras boughtc)increase the price of camerasd)increase the price and the number of cameras boughtCorrect answer is option 'D'. Can you explain this answer? 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 An increase in the demand for cameras and an increase in the number of sellers of cameras willa)increase the number of cameras boughtb)decrease the price but increase the number of cameras boughtc)increase the price of camerasd)increase the price and the number of cameras boughtCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An increase in the demand for cameras and an increase in the number of sellers of cameras willa)increase the number of cameras boughtb)decrease the price but increase the number of cameras boughtc)increase the price of camerasd)increase the price and the number of cameras boughtCorrect answer is option 'D'. Can you explain this answer?.
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