If smartwatches are considered substitutes for smartphones,the increase in the price of smartwatches would,all else equal,
A)increase the demand for smartphones.
B)decrease the demand for smartphones.
C)increase the quantity of smartphones demanded.
D)decrease the quantity of smartphones demanded.

Question

Quizplus · Accepted Answer

If smartwatches and smartphones are substitutes, an increase in the price of smartwatches would lead consumers to switch to smartphones, thus increasing the demand for smartphones.

If Smartwatches Are Considered Substitutes for Smartphones,the Increase in the Price