Assume That the Demand Curve for MP3 Players Shifts to the Right

question 170

Multiple Choice

Assume that the demand curve for MP3 players shifts to the right and the supply curve for MP3 players shift to the left, but the supply curve shifts less than the demand curve.As a result

• A)both the equilibrium price and quantity of MP3 players will decrease.
• B)both the equilibrium price and quantity of MP3 players will increase.
• C)the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
• D)the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.

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Definitions:

Implicit Memory

A type of memory that allows individuals to perform tasks without conscious awareness of these previous experiences.

Tibet

An autonomous region located in the southwestern part of China, known for its rich Buddhist culture and challenging geography.

Recognition Memory

The ability to identify previously encountered information, objects, or situations among present options.

Lineup

A procedure in criminal identification where suspects are presented alongside non-suspects to the witness or victim for the purpose of identifying the perpetrator.