Suppose We Observe That Both the Equilibrium Price of Digital

question 332

Multiple Choice

Suppose we observe that both the equilibrium price of digital cameras and the equilibrium quantity of digital cameras have increased. Which of the following events could be responsible for this?

• A) the price of film cameras fell
• B) workers who make digital cameras received a pay raise
• C) technological advances in digital camera production
• D) consumersʹ preferences changed in favor of digital cameras

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Definitions:

Bronchioles

The small passages in the lungs that lead from the bronchi to the alveoli, involved in the process of breathing.

Saliva

A clear liquid secreted by the salivary glands in the mouth, containing enzymes that aid in the digestion of carbohydrates and serve as a lubricant for food.

Diaphragm Muscle

A large, dome-shaped muscle located at the base of the lungs and chest cavity that plays a key role in breathing.

Rib Muscles

Muscles located between the ribs that assist in the process of respiration by aiding in chest expansion and contraction.