A Decrease in the Price of Digital Cameras Will

question 130

Multiple Choice

A decrease in the price of digital cameras will

• A) cause the demand curve for memory cards to become vertical.
• B) shift the demand curve for memory cards to the right.
• C) shift the demand curve for memory cards to the left.
• D) not affect the demand for memory cards.

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Definitions:

Property Income

Income earned from the ownership of assets like land, buildings, or stocks, excluding labor or active involvement.

Poverty Line

The lowest amount of income considered sufficient for living in a specific country.

Poverty Rate

The ratio of the number of people in a given age group whose income falls below the poverty line, taking into account the number of people in the household.

Nation's Wealth

The total value of all financial assets and produced assets owned by a country, including natural resources, buildings, and machinery.