As more people buy computers, the demand for Internet service increases and the price of Internet service

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As more people buy computers, the demand for Internet service increases and the price of Internet service decreases. The fall in the price of Internet service decreases the supply of Internet service. Explain what is wrong with this statement.

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 06:56 AM

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As more people buy computers, the demand for Internet service increases and the price of Internet service

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The statement is wrong for several reasons First if the demand for Internet ser...View the full answer

Microeconomics

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