Blank DVDs and Prerecorded DVDs Are Substitutes in Production

question 424

Multiple Choice

Blank DVDs and prerecorded DVDs are substitutes in production. An increase in the price of a blank DVD will lead to

• A) an increase in the supply of prerecorded DVDs.
• B) a decrease in the quantity supplied of prerecorded DVDs but not in the supply of prerecorded DVDs.
• C) a decrease in the supply of prerecorded DVDs.
• D) an increase in the quantity supplied of prerecorded DVDs but not in the supply of prerecorded DVDs.

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Definitions:

Experience

The knowledge or skill acquired by a person over time through direct involvement in or exposure to events, situations, or activities.

Location-Based

Pertaining to services, advertisements, or content tailored to a user's current location through GPS technology.

Mobile Phone

A portable electronic device that combines cellular communication and computing functions, enabling users to make calls, send messages, and access the internet.

Loyalty Coupon

A coupon or voucher issued by retailers to customers who have shown consistent purchasing behavior, designed to encourage repeat business.