A technological breakthrough lowers the cost of manufacturing DVDs. As a result, the market changes to a new equilibrium because of a(n):
a. upward movement along the demand curve for DVDs.
b. rightward shift in the demand curve for DVDs.
c. rightward shift in the supply curve for DVDs.
d. shortage of DVDs.
c
Economics
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In the figure above, when the price falls from $5 to $4, the price elasticity of demand is
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What is another term meaning the degree of operating leverage?
a. The measure of the importance of fixed cost. b. The operating profit elasticity. c. The measure of business risk. d. D.O.L. e. All of the above.
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Factors which determine the price of corn would be studied in macroeconomics
a. True b. False Indicate whether the statement is true or false
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Explain the three characteristics of utility
Please provide the best answer for the statement.
Economics