Suppose We Observe That Both the Equilibrium Price of Film

question 10

Multiple Choice

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

• A) Consumers' preferences changed in favor of digital cameras.
• B) technological advances in film camera production
• C) Workers who make cameras received a pay raise.
• D) The price of digital cameras increased.

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Definitions:

Macro Practice

Social work practice focused on large-scale social change, policy development, and community organizing to address systemic issues.

Blended Families

Families formed by the merging of parents and their children from previous relationships into a new familial unit.

Identity

Refers to the qualities, beliefs, personality, looks, and expressions that make an individual or group.

Unrealistic Belief Systems

Refers to belief systems that are not grounded in reality or evidence, often leading to expectations and behaviors that are not achievable or rational.