The Quantity of DVD Players Purchased Declined in Spite of a Decline

question 13

Multiple Choice

The quantity of DVD players purchased declined in spite of a decline in price.This implies that the

• A)supply curve for DVD players shifted to the left.
• B)demand curve for DVD players shifted to the right.
• C)demand curve for DVD players shifted to the left.
• D)supply curve for DVD players shifted to the right.

---

Definitions:

Direct Labour Hour

A measure of labor directly involved in manufacturing or production, calculated by the amount of time workers spend on specific tasks.

Fixed Overhead

Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance.

Budget Variance

The difference between the budgeted or planned amounts and the actual amounts incurred.

Standard Cost

A predetermined cost of manufacturing a single unit or a number of product units during a specific period under normal conditions.