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Business Data Management, End Term

January 2025 term, 13 Apr 2025, Set QDD1

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Question 1

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What does the law of demand state?

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A.
As the price of a good increases, the quantity demanded decreases
B.
As the price of a good decreases, the quantity demanded decreases
C.
As the price of a good increases, the quantity supplied decreases
D.
As the price of a good decreases, the quantity supplied increases

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What does the law of demand state? Which function would you use to count the number of cells that meet a specific condition? In a saturated smartphone market where 70% of current users express interest in upgrading their phones in the next two months, and the no. of new smartphone users remain unchanged, what should companies/manufacturers prioritize?