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It is the end of the year and holiday sales are beginning. To remain competitive the...

It is the end of the year and holiday sales are beginning. To remain competitive the manufacturers of ice scrapers for cars run a buy two get one free sale on Black Friday. What effect will this have on the ice scraper market?

A--This decrease in price will increase the quantity demanded.

B--This decrease in price will increase demand.

C--This price change will decrease the quantity demanded.

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Answer #1

Ans) the correct option is A--This decrease in price will increase the quantity demanded.

changes in the price will not lead to any changes in demand but changes in price will lead to change in quantity demanded

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