At a Price of $9

question 66

Multiple Choice

At a price of $9.99,Danielle buys 3 digital books per month.When the price decreases to $7.99,Danielle buys 4 digital books per month.Jason says that Danielle's demand for digital books has increased.Is Jason correct?

• A)Yes,Jason is correct.
• B)No,Jason is incorrect.Danielle's demand has decreased.
• C)No,Jason is incorrect.Danielle's quantity demanded has decreased,but her demand has stayed the same.
• D)No,Jason is incorrect.Danielle's quantity demanded has increased,but her demand has stayed the same.
• E)No,Jason is incorrect.Danielle's quantity demanded has increased and her demand has decreased.

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Definitions:

1980's

A decade known for significant economic, political, and cultural events and developments worldwide.

Downward Trend

Describes a situation where there is a consistent decline in the value or level of a financial instrument, market index, or economic performance over time.

Discouraged Workers

Individuals not looking for work because they believe no jobs are available for them.

Officially Unemployed

Officially unemployed refers to individuals who are without a job, actively seeking work, and currently available to take up employment.