Walkmans Play CDs

question 405

Multiple Choice

Walkmans play CDs. Producers of Walkmans expect that a new technology for producing MP3 players will be available next year. Walkman Watch asks you to predict the effect of the new technology on the market for Walkmans. You predict that

• A) the price of a Walkman will rise and the quantity of Walkmans demanded will increase.
• B) the demand curve for Walkmans will shift rightward and the price of a Walkman will rise.
• C) the demand curve for Walkmans will shift leftward and the price of a Walkman will fall.
• D) the price of a Walkman will fall and the demand curve for Walkmans will shift rightward.

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Definitions:

Coal Reserves

Deposits of coal that have been discovered and are economically and technologically viable for extraction, serving as a significant source of energy worldwide.

Fuel Cycle

The series of steps involved in supplying fuel for power generation, including extraction, processing, use, and disposal or recycling.

Nuclear Plants

Facilities where nuclear fission reactions are managed to produce heat for electricity generation, utilizing uranium or other nuclear fuels.

Conventional Fossil Fuel

Conventional fossil fuels are natural resources like coal, oil, and natural gas, that have been formed from the decayed remains of ancient plants and animals, used primarily for energy.