ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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**Market Analysis Questions**

**a)**  
*Consider the market for streaming services (such as Netflix or Hulu). If the price of internet service falls, then which of the following statements regarding the market for streaming services is correct?*

- Supply will increase (Selected)
- Supply will decrease
- Demand will increase
- Demand will decrease

**b)**  
*Consider the market for streaming services. If the price of internet service falls, then the price of streaming services will ____.*

- increase
- decrease
- be indeterminate

**c)**  
*Consider the market for streaming services. If the price of internet service falls, then the quantity of streaming services bought/sold will ____.*

- increase
- decrease
- be indeterminate

**d)**  
*Suppose that over the past year, the price of cereal has fallen and the quantity of cereal bought/sold has fallen. Which of the following must have occurred?*

- The demand for cereal decreased
- The demand for cereal increased
- The supply of cereal decreased (Selected)
- The supply of cereal increased
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Transcribed Image Text:**Market Analysis Questions** **a)** *Consider the market for streaming services (such as Netflix or Hulu). If the price of internet service falls, then which of the following statements regarding the market for streaming services is correct?* - Supply will increase (Selected) - Supply will decrease - Demand will increase - Demand will decrease **b)** *Consider the market for streaming services. If the price of internet service falls, then the price of streaming services will ____.* - increase - decrease - be indeterminate **c)** *Consider the market for streaming services. If the price of internet service falls, then the quantity of streaming services bought/sold will ____.* - increase - decrease - be indeterminate **d)** *Suppose that over the past year, the price of cereal has fallen and the quantity of cereal bought/sold has fallen. Which of the following must have occurred?* - The demand for cereal decreased - The demand for cereal increased - The supply of cereal decreased (Selected) - The supply of cereal increased
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