Suppose That the Price of Compact Disks (CDs)increases, Other Things

question 141

Multiple Choice

Suppose that the price of compact disks (CDs) increases, other things equal.Which of the following in the most likely effect in the market for DVDs?

• A)a decrease in demand for DVDs
• B)an increase in demand for DVDs
• C)an increase in quantity demanded of DVDs
• D)a decrease in quantity demanded of DVDs
• E)a decrease in the quantity supplied of DVDs

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Definitions:

Competitive Forces

The pressures that firms in the same industry face from competitors, which influence their strategies and market positioning.

Committee Of Employees

A group of workers selected or elected to represent the interests of their colleagues, often in discussions with management or in union activities.

Labor Union

An organization of workers formed to protect and advance their rights and interests through collective bargaining with employers.

Critical Industrial Relations

An analytical approach to industrial relations, emphasizing the power dynamics and conflicts between employers and employees, and advocating for transformative changes.