Other things being equal, the effect of a decrease in the price of DVDs on the market for DVD players is a(n):
A. leftward shift in the demand curve for DVD players.
B. upward movement along the demand curve for DVD players.
C. rightward shift in the demand curve for DVD players.
D. downward movement along the demand curve for DVD players.
Answer: C
You might also like to view...
Refer to Table 14-3. Is there a dominant strategy for Saudi Arabia and, if so, what is it?
A) Yes, the dominant strategy is to produce a low output. B) Yes, it has a dominant strategy depending on what Nigeria does. C) Yes, the dominant strategy is to produce a high output. D) No, there is no dominant strategy.
One reason education expenditures are increasing is that a larger percentage of resources are now being used on _____ expenditures
a. teacher aide b. non-classroom c. teacher salary d. textbook
Suppose a firm has an output of 10,000 cans and a total fixed cost of $2,000 . At an output of 5,000 the difference between the total cost and the total variable cost is
a. 5000 cans b. $0.40 c. the average fixed cost d. $2,000 e. $0.20
Looking at the table of the four types of goods, goods that are excludable consist of ______ goods.
a. private and club
b. private and common
c. public and common
d. public and club