The above figures show the market for HD televisions. Blu-ray players can be used to play HD movies. If the price of Blu-ray players falls, then which figure shows the effect of this change in the market for HD televisions?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) None of the figures represent this change.
A
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When a firm produces more output using the same inputs or the same output using fewer inputs we say that the firm
A) experiences positive technological change. B) will hire more workers in order to produce more output. C) experiences an increase in demand. D) is operating in the short run.
If a bond pays the same coupon payment forever without a maturity, it is known as a
A) perpetuity. B) forever bond. C) discount bond. D) consolidated bond.
Common property ownership most likely leads to
A) an efficient allocation of resources. B) production at a rate at which price is less than social cost. C) a decrease of externalities. D) an increase in pollution.
change in quantity demanded
What will be an ideal response?