We Observe That the Equilibrium Price of Digital Cameras Has

question 278

Multiple Choice

We observe that the equilibrium price of digital cameras has fallen and the equilibrium quantity of digital cameras has increased. Which of the following events could be responsible for this?

• A) The price of film cameras rose.
• B) Workers who make digital cameras received a pay raise.
• C) Consumers' preferences changed in favor of digital cameras.
• D) Technological advances in digital camera production.

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Definitions:

Pitch

The perceived frequency of a sound, determining its musical note or tone.

Pinna

The visible part of the ear that is outside the head, which captures sound waves and directs them into the ear canal.

Middle Ear

The part of the ear that channels and amplifies sound through the eardrum, hammer, anvil, and stirrup to the inner ear.

Eardrum

A slim barrier that divides the external ear from the internal ear and oscillates when influenced by sound vibrations.