Consider the market for cable-based Internet access service, which is a normal good. Explain whether the following
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Consider the market for cable-based Internet access service, which is a normal good. Explain whether the following events would cause an increase or a decrease in demand or an increase or a decrease in the quantity demanded.
a. Firms providing wireless (an alternative to cable)
Internet access services reduce their prices.
b. Firms providing cable-based Internet access services reduce their prices.
c. There is a decrease in the incomes earned by consumers of cable-based Internet access services.
d. Consumers' tastes shift away from using wireless Internet access in favor of cable-based Internet access services.
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