We Observe That the Equilibrium Price of Digital Cameras Has

question 212

Multiple Choice

We observe that the equilibrium price of digital cameras has fallen and the equilibrium quantity of digital cameras has increased. Which of the following events could be responsible for this?

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

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Definitions:

Groundskeepers

Individuals responsible for the maintenance and landscaping of outdoor environments, such as parks, gardens, or sports fields.

Union Instrumentality

The perceived effectiveness of labor unions in achieving desired outcomes for their members, such as better wages and working conditions.

Positive Work Aspects

Features of a job or workplace that contribute to employee satisfaction and motivation.

Landrum-Griffin Act

A U.S. law enacted in 1959, officially known as the Labor-Management Reporting and Disclosure Act, aimed at regulating labor unions and protecting union members' rights.