Technological Progress Increases the Efficiency of Mass Producing HDTV-Capable Television

question 121

Multiple Choice

Technological progress increases the efficiency of mass producing HDTV-capable television sets. At the same time, more cable and television networks begin broadcasting in HDTV format, increasing the appeal of HDTV-capable television sets. On the basis of this information, what can be said about conditions in the HDTV market?

• A) The equilibrium quantity of HDTV-capable sets will decrease and price will increase.
• B) The equilibrium quantity of HDTV-capable sets will increase and what happens to price is indeterminate.
• C) The equilibrium quantity of HDTV-capable sets will increase and price will decrease.
• D) The equilibrium quantity and price of HDTV-capable sets will increase.

---

Definitions:

Hierarchical Listing

An organized structure of items or information ranked and arranged strictly in order of rank, value, or authority.

Activity Sequence

The order in which tasks or activities must be carried out to successfully execute a project plan, usually depicted in a project schedule.

Project Logic

The rational and structured reasoning or sequence that underpins the planning and execution strategy of a project.

Project Resources

The various assets, such as time, money, personnel, and tools, allocated to achieve the objectives of a project.