A Simultaneous Decrease in Both the Demand for MP3 Players

question 116

Multiple Choice

A simultaneous decrease in both the demand for MP3 players and the supply of MP3 players would imply that

• A)both the value of MP3 players to consumers and the cost of producing MP3 players has increased.
• B)both the value of MP3 players to consumers and the cost of producing MP3 players has decreased.
• C)the value of MP3 players to consumers has decreased,and the cost of producing MP3 players has increased.
• D)the value of MP3 players to consumers has increased,and the cost of producing MP3 players has decreased.

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Definitions:

Taxonomy

A system or method for classifying and organizing items or concepts into structured groups or categories.

Narrative Job Analysis

A qualitative method of job analysis that involves collecting detailed, narrative descriptions of job duties and worker attributes.

Writing Skills

The ability to convey ideas, thoughts, and information effectively and clearly through written language.

Job Analyst

A professional who studies job requirements and duties to define the skills needed and to inform job descriptions and classifications.