Jamal needed a new cell phone but didn't have a lot of money. He went to TechBargains.com and typed "cheap cell phones" into the search bar. As he was scrolling through his options, he noticed very few brands under $50 and far more brands selling for $100 or more. Which of the following statements best describes what Jamal has observed?
A) Generally speaking, the higher the price point, the greater the demand.
B) Generally speaking, the higher the price point, the more supply is available.
C) In general, as price goes down, demand goes up.
D) In general, as price goes down, supply goes up.

Question

Quizplus · Accepted Answer

Jamal's observation indicates that there are more options available at higher price points, suggesting that there is more supply available for cell phones priced at $100 or more compared to those under $50.

Jamal Needed a New Cell Phone but Didn't Have a Lot