When Apple introduced the iPad,the price of and demand for netbook and notebook computers 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.

Question

Quizplus · Accepted Answer

Although prices were high,demand was also high and therefore businesses have the potential for high profits.

When Apple Introduced the IPad,the Price of and Demand for Netbook