Author Question: If Apple's iTunes Music Store increases its fee for its music downloads, the law of demand predicts ... (Read 119 times)

jwb375 · **on:** Jun 29, 2018

If Apple's iTunes Music Store increases its fee for its music downloads, the law of demand predicts that

A) the number of iTunes music downloads would increase.
B) there would be no change in the demand for iTunes music downloads.
C) the number of iTunes music downloads would decrease.
D) iTunes music supply would change but demand would not.

Question 2

In his book, An Inquiry into the Nature and Causes of the Wealth of Nations, economist Adam Smith argued that individuals

A) always tend to act in an altruistic manner.
B) always consider the impact of their actions on the welfare of others.
C) are motivated by self-interest.
D) are generally not concerned with economic questions.