20
QuizMultiple Choice

Business and Government — Test

Question 20 • Economics and Personal Finance

How might consumers respond if an Internet service-providing company lowers the price of its services due to increased competition?

Answer
A
The subscription of the service will stop due to lower costs.
B
The demand for the service will decrease irrespective of lower costs.
C
The government will intervene to raise prices in response to the competition.
D
The subscription of the service will likely grow due to lower costs.
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