Question

A company introduces a printer that does not require ink cartridges. As a result, the price of printers that use ink drops. What is another likely outcome? A. The price of ink cartridges goes up. B. The price of ink cartridges drops. C. The demand for ink cartridges goes up. D. The supply of ink cartridges drops.

Answer 1

Answer: Another likely outcome is "B. The price of ink cartridges drops"

The price of ink cartridges drops because when there is a printer that does not need ink cartridges, many people would stop needing them therefore decreases demand and as a consequence if everything else remains constant the decrease in demand produces a decrease in the price.