Holding Everything Else Constant, an Increase in the Price of MP3

question 206

Multiple Choice

Holding everything else constant, an increase in the price of MP3 players will result in

• A)a decrease in the quantity of MP3 players supplied.
• B)a decrease in the demand for MP3 players.
• C)an increase in the supply of MP3 players.
• D)a decrease in the quantity of MP3 players demanded.

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Definitions:

Middle-Class Norms

Social expectations and behaviors typically associated with the middle class, including values related to education, occupation, and lifestyle.

Brown V. Board

The 1954 United States Supreme Court decision that declared state laws establishing separate public schools for black and white students to be unconstitutional.

Kitchen Debate

A series of informal exchanges in 1959 between U.S. Vice President Richard Nixon and Soviet Premier Nikita Khrushchev, highlighting the ideological differences between the U.S. and the Soviet Union.

Geneva Accords

The agreement reached in 1954 that temporarily divided Vietnam into North and South zones and called for national elections to reunify the country.