M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell

Exercise 102

When Apple introduced the iPad the price of and demand for netbooks and notebooks were high. As a result,

A. other suppliers introduced competing products to take advantage of the demand.

B. consumers stopped buying netpads.

C. manufacturers stopped producing netpads.

D. competition was not allowed to enter the market.

E. the equilibrium price met supply.