Technical College AMyEconLab> MyEconLab Quizzes & Tests ECON1101: Principles of

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Technical College AMyEconLab> MyEconLab Quizzes & Tests ECON1101: Principles of Economics (Online Course) 21035 Quiz: Quiz - Chapters 1- 3 This Question: 6 pts Apple Computer Inc. decides to make iTunes freely available in unlimited quantties With this decision O A. tunes remain scarce, and the incentive to listen to tunes remains the same O B. tunes are no longer scarce, and the incentive to listen to tunes remains the same O C. tunes are no longer scarce, and the incentive to listen to tunes changes O D. tunes remain scarce, but the incentive to listen to tunes changes Apple's decision is a decision O A. microeconomic O B. macroeconomic Click to select your answer O Type here to search

Explanation / Answer

1.

D

Tunes remain scarce as it is only available to those who buy and own iPods. Further, the incentive changes, because it is available as free to the people who buy iPods or other music device from Apple.

2.

A

It is a firm level decision, so it is a microeconomic decision.

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