What Will Happen to the Equilibrium Price and Quantity of Traditional

question 111

Multiple Choice

What will happen to the equilibrium price and quantity of traditional camera film if traditional cameras become more expensive,digital cameras become cheaper,the cost of the resources needed to manufacture traditional film falls,and more firms decide to manufacture traditional film?

• A)Price will fall,and the effect on quantity is ambiguous.
• B)Price will rise,and the effect on quantity is ambiguous.
• C)Quantity will fall,and the effect on price is ambiguous.
• D)Quantity will rise,and the effect on price is ambiguous.

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Definitions:

Highest-Energy Structure

The conformation or arrangement of atoms in a molecule that has the highest potential energy, often least stable, compared to other conformations.

Molecular Collision

The process in which two or more particles (atoms, ions, molecules) come into close enough proximity to affect each other's trajectories or engage in a chemical reaction.

Activation Energy

The minimum amount of energy required to initiate a chemical reaction or the energy barrier to the reaction's progress.

Reaction-Energy Diagram

A graphical representation showing the energy of a system as reactants transform into products during a chemical reaction, usually highlighting energy barriers and stable intermediates.