How did the spread of the Internet affect the market for newspapers?
A) Demand increased, causing the price to rise.
B) Demand decreased, causing the price to fall.
C) Supply decreased, causing the price to rise.
D) Supply increased, causing the price to fall.

Question

Quizplus · Accepted Answer

The spread of the Internet increased access to online news sources, causing a decrease in demand for print newspapers. As a result, the price of newspapers fell due to lower demand. This is known as a shift in the demand curve to the left.

How Did the Spread of the Internet Affect the Market