Suppose the Price of a DVD Is $15 Per Unit

question 53

Multiple Choice

Suppose the price of a DVD is $15 per unit.At that price,consumers wish to purchase 6,000 units weekly and producers wish to sell 4,000 units weekly.In this situation,

• A) unsatisfied consumers will bid up the market price.
• B) the market price will fall because producers are unsatisfied.
• C) the price will rise and the demand will fall to bring the market to equilibrium.
• D) supply will increase by 2,000 units in order to satisfy consumers.

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Definitions:

Data

Information that has been translated into a form that is efficient for movement or processing, integral to computer operations and analysis.

LES Instruction

A programming instruction used to compare if one value is less than another, often used in control and logic applications.

Register

A small, high-speed storage location within a computer or other digital processor used to hold temporary data or instructions.

Output

the result or product of a process, system, or activity, such as data from a computer program or electricity from a generator.