Question: 8. Identify which of the following would generate a decrease in the market demand for e-book readers, which are a normal good. a. An increase

8. Identify which of the following would generate a decrease in the market demand for e-book readers, which are a normal good.

a. An increase in the price of downloadable apps utilized to enhance the e-book reading experience, which are complements

b. An increase in the number of consumers in the market for e-book readers

a. At a rental rate of $1,000 per month, is there an excess quantity supplied, or is there an excess quantity demanded? What is the amount of the excess quantity supplied or demanded?

b. If the present rental rate of one-bedroom apartments is $1,000 per month, through what mechanism will the rental rate adjust to the equilibrium rental rate of $800?

c. At a rental rate of $600 per month, is there an excess quantity supplied, or is there an excess quantity demanded? What is the amount of the excess quantity supplied or demanded?

d. If the present rental rate of one-bedroom apartments is $600 per month, through what mechanism will the rental rate adjust to the equilibrium rental rate of $800?

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