Assume you initially sold wrist watches at $75 per watch. At that price, consumers purchased 10 watches per week. You decide to drop the price to $50 per watch. As a result, consumers purchase 35 watches per week. Is this an increase in demand?Explain why or why not.

Yes, this is an increase in demand

Explanation:

Demand increased from 10 watches per week to 35 watches per week.

This is an increase in demand and it was induced by the drop in price from $75 to $50.

Consumers tend to buy more at lower price and tend to reduce their demand at higher price. This is the law demand.

Higher price reduces consumers' purchasing power.

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.

answer; is the sum of all individual demands curves;