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Question 9(Multiple Choice Worth 4 points)
(01.03 LC)
The demand for electric bicycles slopes downward. Which of the following will happen if the price of electric bicycles decre
O Demand will increase at all price levels.
O Demand will decrease at all price levels.
Quantity demanded will increase.
Quantity demanded will decrease.
Jhy
Question 10(Multiple Choice Worth 4 points)
(01.08 MC)
Which kind of portfolio would a financial adviser recommend to an older investor who is close to retirement?
Previous Question

Sagot :

GinnyAnswer

Final answer:

When the price of electric bicycles decreases, the quantity demanded will decrease.


Explanation:

Quantity demanded will decrease. When the price of electric bicycles decreases, the demand for them will also decrease due to the inverse relationship between price and demand. As prices fall, consumers are less willing to buy electric bicycles.


Learn more about demand and pricing of electric bicycles here:

https://brainly.com/question/34954686


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